Climate Politics
UK Sees No Need For Subsidies in US, EU Green Technology Battle
- Shapps says US will ‘take rough edges off’ clean power plan
- Hunt Seeks Free, Open Trade Between Nations Pursuing Net Zero
Grant Shapps in London, UK, on Jan. 27.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The UK sees no need for immediate subsidies to counter US and EU proposals to boost green industries, two cabinet ministers said.
President Joe Biden’s administration has assured Britain it will “take the rough edges off” its $369 billion package of measures to promote cleantech, meaning the UK won’t “get squeezed in the middle” between the US and EU, Business Secretary Grant Shapps said on Friday in an interview. That gives the UK time to consider its response, he suggested.