Karsten Neuhoff

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Karsten Neuhoff is Head of Department of the Climate Policy Department at the German Institute for Economic Research (DIW Berlin) and is Professor at the Institute for Economics and Law of Technical University Berlin.

Andreas Goldthau

Jan 06 2023

Europe’s answer to the Inflation Reduction Act should be global cooperation

Illuminem Voices

Public Governance · Social Responsibility

A green industrial program of some $400 billion in federal funding, the IRA has caught Europe wrong-footed. The fallout of Russia’s Ukraine war – strained public budgets and an ailing economy – have shifted policy priorities and temporarily put climate policies into the backseat. What is more, whilst the EU is traditionally good at fostering market competition, also in clean energy, it is less so in nurturing green champions.