Albanese delivers subtle warning on American green protectionism
During his first two days in Washington DC, the Australian prime minister has had a message for his hosts about the growing risk of environmental subsidies.
When the Inflation Reduction Act was signed into law more than a year ago by United States President Joe Biden, governments all over the world feared that it would suck capital out of their economies.
By providing USD369 billion in subsidies for electric vehicles, wind and solar farms, batteries and other clean energy projects, they worried the US had created a new wave of protectionism.
On Tuesday, standing next to US Secretary of Commerce Gina Raimondo at the Australian embassy in Washington DC, Australian Prime Minister Anthony Albanese said the Inflation Reduction Act shouldn’t be used at the expense of other countries.
“We want to make sure - and I think the US, If I can be so bold, agrees - that we can have a win-win here in terms of how we go forward,” he said.
