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US seeks to avoid EU trade rivalry over clean energy spending

Energy secretary Jennifer Granholm: ‘make sure we can do this in a way that lifts all’
Jennifer Granholm, US energy secretary, addressed anxieties over $369bn in clean energy subsidies provided by the Inflation Reduction Act

US energy secretary Jennifer Granholm sought to ease clean energy trade tensions with the EU on Thursday, saying the Biden administration was seeking to build supply chains with “countries whose values we share”.

The US and EU were in talks about a free trade-style deal around clean technology, she said, which could soothe European anxieties that the US’s $369bn in new subsidies for low-carbon energy would suck capital across the Atlantic.

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