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Foreigners Will Benefit From U.S. Climate Subsidies, and That Is Good News

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Foreigners Will Benefit From U.S. Climate Subsidies, and That Is Good News

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https://www.wsj.com/articles/foreigners-will-benefit-from-u-s-climate-subsidies-and-that-is-good-news-142e1ac1

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 2. Heard on the Street


FOREIGNERS WILL BENEFIT FROM U.S. CLIMATE SUBSIDIES, AND THAT IS GOOD NEWS


BUY-IN FROM JAPANESE AND KOREAN COMPANIES IS A SIGN OF SUCCESS

By

Nathaniel Taplin


July 26, 2023 12:01 am ET

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Special Presidential Envoy for Climate John Kerry met with Chinese Premier Li
Qiang in a visit aimed to try to revive stalled cooperation on climate change.
Photo: Florence Lo/Reuters

Foreign firms are shaping up to be some of the biggest beneficiaries of
America’s new climate-focused industrial policy law, the Inflation Reduction
Act. Japan’s Panasonic PCRFY 0.28%increase; green up pointing triangle, for
example, estimates it could reap $2 billion a year from tax credits associated
with battery plants in Nevada and Kansas.

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