Comments
cryptocandyclub t1_it8e6e6 wrote
One would question whether the EU are serious in the first place over Green Energy and I agree the market could sweel considerably for healthy competition but they already sued the UK over their Green Incentives (subsidies), will they sue the US too? Doubt it.
Level-Blueberry-2707 t1_it8gwth wrote
Can't upvote enough!
ReturnToMonke234 t1_it8etni wrote
Can someone explain this like I'm stupid?
Green energy is good right?
Why would they be mad the US is investing in green energy?
QuietRock t1_it8mal9 wrote
The article didn't specifically say, but I think if the US government heavily subsidizes green energy projects and products it could give them an unfair advantage in the global market. French green tech companies might then struggle to compete for business, which hurts their profits and growth.
TrueRignak t1_it8lxzf wrote
Green energy is good, but unfair competition is illegal as per the rules of the OECD (they can fund green energy, but they shouldn't use this funding to specificaly advantage US companies). The US usually doesn't care OECD's rules, UE does.
ReturnToMonke234 t1_it8nmrr wrote
>they shouldn't use this funding to specificaly advantage US companies
Isn't it America's money though? Are they not allowed to subsidise domestic green tech companies too much or other countries will get mad?
torridesttube69 t1_it8pc3c wrote
You aren't asking a question that he hasn't already answered. No, you can't according to the law
Da_Vader t1_it8t84o wrote
Only if the domestic companies export subsidized products at a cost disadvantage to unsubsidized European manufacturers.
Right now all production will be for domestic consumption. But American companies will have superior technology over time such that in the future, they will be able to out bid other foreign competitors.
Same thing happens for US defense spending, but that, of course, they don't mind. At all.
ReturnToMonke234 t1_it8tdqx wrote
Thanks for the completely useless and asinine response.
torridesttube69 t1_it8tr05 wrote
I just answered your question? What exactly were you expecting? I am genuinely curious
ReturnToMonke234 t1_it8w96g wrote
I never asked you anything
torridesttube69 t1_it8wnwl wrote
Nor have I ever claimed that you asked me anything.
No_Cauliflower2338 t1_it9hrwp wrote
You seem fun at parties
OldGreyTroll t1_it8lmpn wrote
If they don't do the same in France, it makes France look bad.
-Dark-Energy- t1_it9kbud wrote
Because Macron is more interested in money than solving climate change.
MrBubbles226 t1_itaequx wrote
A green trade war is ultimately good for the planet, what a stupid take from the French
H_E_DoubleHockeyStyx t1_itahkbw wrote
Yeah fuck saving the world if it means some sort of economic impact/s
autotldr t1_it8itcp wrote
This is the best tl;dr I could make, original reduced by 64%. (I'm a bot)
> Washington - France's foreign minister voiced alarm Friday over a massive US climate spending package, saying it risked unfair competition, but said Europe did not want a green trade war.
> Parts of President Joe Biden's Inflation Reduction Act, which will pump $370 billion into green energy, "From our point of view impact the level playing field between the US and European actors," Foreign Minister Catherine Colonna said at the Center for Strategic and International Studies in Washington.
> Her remarks echo German and French economic ministers who this week at a meeting in Berlin called for a strong response from the European Union against state support for US green businesses.
Extended Summary | FAQ | Feedback | Top keywords: France^#1 minister^#2 green^#3 state^#4 war^#5
Rumpullpus t1_itassms wrote
Ehh luckily we have a habbit of selective hearing when it comes to the French. Anti-American as always.
peffer32 t1_itbymqd wrote
Airbus anyone?
[deleted] t1_itfcgvc wrote
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[deleted] t1_it8axsr wrote
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