The Global Impact of the U.S. Inflation Reduction Act

The US Inflation Reduction Act (IRA) promotes renewable energy and contributes to climate protection, but also offers generous tax credits and subsidies to incentivize production in the United States. Economic experts in major European countries are particularly critical of the IRA. This is the finding of a global survey carried out by the ifo Institute in collaboration with the Swiss Economic Policy Institute published in the new EconPol Policy Report 41.