BRUSSELS — We’ll survive.
That’s the general feeling among the European Union’s green businesses as they prepare for Donald Trump’s potential return to power — despite the former president vowing to turn off the taps for any climate-friendly firms currently benefiting from Washington’s mammoth green subsidies.
Trump has repeatedly railed against the Inflation Reduction Act (IRA) — President Joe Biden’s landmark $468 billion plan to turbocharge investment in green technologies — and promised to block any more funds from the package being spent.
But that won’t have much impact on the EU, experts and industry figures argue. To start, they simply don’t believe Trump will actually repeal the signature law if elected — practically speaking, it’s adding manufacturing jobs in red states.
