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- Title
Der Inflation Reduction Act gefährdet massiv Jobs in Europa - wenn die EU nicht richtig reagiert.
- Authors
STEPHAN, SABINE
- Abstract
The Inflation Reduction Act (IRA) in the USA could lead to a loss of industries and jobs in Europe if the EU does not respond appropriately. Particularly, the automotive sector, which employs millions of people in Europe, could be affected by the subsidies of the IRA. Therefore, the EU should take measures to establish battery production in Europe and prevent the migration of green technology companies. However, the public finances of many EU countries are limited, so creating a European Sovereignty Fund could be an option to provide financial resources for strategic industrial policy.
- Subjects
EUROPE; INDUSTRIAL policy; AUTOMOBILE industry; LAYOFFS; GREEN technology; PUBLIC finance; ENERGY subsidies; AGRICULTURAL subsidies
- Publication
Wirtschafts- und Sozialwissenschaftliches Institut Mitteilungen, 2023, Vol 76, Issue 4, p242
- ISSN
0342-300X
- Publication type
Article
- DOI
10.5771/0342-300X-2023-4-242