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Clarity sought on climate legislation as Seoul and Washington are brought closer by need to reduce dependence on China
Strong American economy and tax incentives lure investors as Berlin frets over deindustrialisation
Brian Kemp claims landmark Inflation Reduction Act has fanned inflation
Longi executive says costs would double, job opportunities would be lost and green targets missed
Local opponents raise fears over Beijing’s influence as US aims to reshore supply chain
Largest renewable energy developer says repeal of Inflation Reduction Act ‘unlikely’ as order list grows
US industrial policy is too expensive and China-sceptic to become a global standard
Also in today’s newsletter, BP announces permanent chief
Cash is first use of rule for strategic projects that allows governments to match subsidy offers from outside bloc
Threats could impact inward car and battery investment by international groups, note analysts
First Solar’s conundrum over repatriating funds solved via deal with fintech company Fiserv
Democratic Senator Joe Manchin says new guidance will ‘kneecap’ sector critical to slashing emissions
Also in today’s newsletter, bison and black diamonds feature in Scott Sheffield’s holiday plans
Planned US cleantech manufacturing investment under Biden has reached $628bn, administration says
One company told Energy Source that the tax credit rules are ‘unworkable’
Purchases offer potential alternative to graphite materials produced in China
Alexander De Croo says EU should deepen single market as subsidy race favours countries with ‘deepest pockets’
Strict new IRA tax credit rules aim to boost domestic industry but could slow transition from petrol
Trading partners struggle to compete with potential $1tn of spending
Also in today’s newsletter, IEA urges oil and gas companies to pay up for the energy transition
Former president plans to scrap clean energy rules and expand drilling to boost fossil fuels, say advisers
Blythewood is a test case for how US manufacturing projects could affect rural economies
American states offer billions of dollars to outbid each other to secure new projects and jobs
Swedish brand eyes President Joe Biden’s green subsidies as it prepares to buy EV batteries from European start-up Northvolt
Interest rates, supply snarls and permitting delays soften boost from Inflation Reduction Act
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