Skip to content

German Minister calls for Green Tech Cooperation with US

German Economy Minister Robert Habeck seeks a green partnership between Europe and the United States. He aims to discuss this with US Treasury Secretary Janet Yellen and other officials during a meeting in Washington next week.

German Economy Minister Robert Habeck
German Economy Minister Robert Habeck

Building a Green Bridge Across the Atlantic

Habeck and French Economy Minister Bruno Le Maire aim to press senior US officials not to actively attract green investments from Europe. This comes amid concerns over US green tech subsidies and the potential impact on European producers and investment.

European Concerns Over US Green Tech Subsidies

The Inflation Reduction Act, a multi-billion dollar subsidy package, has sparked worry among EU governments. The act will subsidize locally produced products such as electric cars and solar panels, potentially putting European producers at an unfair disadvantage and luring investment away from Europe.

US Gears Economy towards Green Markets

Habeck commends the US's efforts to shift towards green markets and reduce costs in developing climate-friendly technologies. However, he emphasizes the importance of fair competition and progress in climate-neutral technologies.

Talks on US Subsidy Package and Future Trade Relations

In addition to Yellen, Habeck and Le Maire will meet US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo. The talks will focus on the US subsidy package and its impact on future trade relations between the EU and the US.