Avoiding a NetZero Sum Game in Transatlantic Relations

The US Inflation Reduction Act of 2022 (IRA), after being welcomed initially, has created some irritation in Europe. The IRA’s aim was appreciated, but the instruments were confusing. The difference in approach between transatlantic partners forced the EU to seek a counterbalance. The European Commission has come forward with a proposal for a Green Deal Industrial Plan, which is considered an immediate response to the American legislation. Is this game positive for climate? Or will it be a zero-sum game, resulting in different implementation on either side of the Atlantic and with competing instruments, less positive for the climate? The…