Climate Politics
EU Should Counter US Climate Law With Own Version, France Says
- Finance minister responds to law stoking possible trade war
- Says EU’s “best response” is a law tackling similar issues
French Finance Minister Bruno Le Maire
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
The best way for Europe to counter a US climate law that it fears will harm businesses and lure investment across the Atlantic is to do the same, French Finance Minister Bruno Le Maire said on Monday.
The bloc should look at all available tools to boost its industry, he said. This includes combining national funding plans, speeding up and simplifying a support program known as Important Projects of Common European Interest, and using money held by the European Investment Bank.