Despite fears of Europe losing its cleantech edge to the U.S.'s $369 billion green subsidy, the continent has remained resilient, countering with strategic investments and subsidies of its own.
set alarm bells ringing across Europe when it was unveiled a year ago. And for a good reason: Europe was already battling economic headwinds from the pandemic and the Ukrainian crisis.
The EU, sensing the impending competition, cleverly played its cards in March by allowing member states to There's also a broader perspective to this narrative. The EU had already earmarked a whopping 37% of its 800 billion euro post-pandemic recovery fund for eco-friendly projects. Thus, much of Europe's 'counter' to the IRA was already in the pipeline even before Biden showcased his climate-centric vision.
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