Europe wants its own Inflation Reduction Act moment
Manage episode 349487977 series 3341126
When the American clean energy industry met at RE+ in September, seemingly every conversation exuded an optimistic tone about the future.
Historic incentives for clean energy in the Inflation Reduction Act, paired with a generational industrial policy, brought U.S. climate goals within reach at a point when their prospects appeared bleak at best. Now, billions of dollars of investment is flowing into American clean energy manufacturing.
The outlook couldn't be more different in Europe, where industry leaders recently came together at Enlit Europe in Frankfurt, Germany. Russia's invasion of Ukraine has exacerbated an already dire energy crisis, and the continent that once led the energy transition is watching its influence slip.
Two of Europe's clean energy leaders joined Episode 28 of the Factor This! podcast from Frankfurt to discuss Europe's path forward and the prospect for transformational industrial policy.
Jochen Hauff, Director Corporate Strategy, Energy Policy & Sustainability, BayWa r.e.
Axel Thiemann, CEO, Sonnedix
Factor This! is produced by Renewable Energy World and Clarion Energy. Connect with John Engel, the host of Factor This!, on LinkedIn and Twitter.
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