The Impact of the U.S.Inflation Reduction Act on the Global Clean Energy Industry
With the adjustment of industrial structure,the clean energy industry has gradually become a new growth point for a country's economy,and the governance of the clean energy industry chain has also become an important element to affect a country's industrial security.The Inflation Reduction Act(IRA)signed by the Biden government links the climate issue with trade policy,incorporates security factors into economic policy,and makes detailed provisions on the conditions for purchasing clean energy vehicles to enjoy tax credits.Since the bill took effect,countries around the world have responded by strengthening foreign cooperation,increasing industrial subsidies,and laying out industrial transfers.This may slow down the process of global green transformation.China,as a leader in the global clean energy industry,should be guided by a holistic approach to national security,and promote the common security of the global clean energy industry chain,build a positive security environment,deepen cooperation with the United States in the field of climate change,adhere to multilateralism and deepen international cooperation.
Inflation Reduction ActClean Energy IndustryReshoringTrade Protectionism
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