Description
Trevor Allen, Head of Sustainability Research
Sumati Semavoine-Jain, Sustainability Research Analyst
With the IRA, the US looks to boost domestic growth, tackle supply chain vulnerabilities and offer more policy certainty, mostly in the form of tax credits. The US approach is in stark contrast to that of the EU, adopting more of a 'carrots without sticks' strategy, in our view. In turn, it might push the EU to provide more ‘carrots’. We expect the IRA to offer a competitive advantage to companies with business activities that focus on energy transition, and those with a local footprint.
BNP Paribas London Branch | Global Markets (Recorded 06 March 2023)
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