Foreign Firms Are Benefitting From The U.S. Inflation Reduction Act

Foreign businesses are some of the biggest winners in the Inflation Reduction Act in the United States as the incentives have spurred a lot of investment in clean energy technologies from overseas firms, an analysis by The Wall Street Journal has found. The U.S. Inflation Reduction Act (IRA) has nearly $370 billion in climate and clean energy provisions, including investment and production credits for solar, wind, battery manufacturing and battery storage, critical minerals, funding for energy research, and credits for clean energy technology manufacturing…