Macron, in Washington, slams Biden climate incentives as 'super aggressive' to French firms

 

WASHINGTON — French President Emmanuel Macron, kicking off a three-day state visit in the U.S., raised concerns Wednesday to U.S. lawmakers about Biden administration climate policies giving American companies an unfair advantage in the budding green energy sector. 
"This is super aggressive to our business people," Macron said at a luncheon with Congress members and business leaders at the Library of Congress, AFP News Agency reported. He told lawmakers the policies will "kill a lot of jobs" in Europe unless they are synchronized globally. 

The French leader's comments previewed trade talks that are expected to come up during a bilateral meeting Thursday between President Joe Biden and Macron.

More:Biden hosts Macron Thursday for the president's first state dinner. Here's what to know.

Why Biden's incentives for American companies worry Macron

  • Macron's point of contention is Biden's Inflation Reduction Act, which the administration is rolling out after it passed Congress this year.
  • Biden's signature climate law includes $369 billion to address climate change including billions in incentives to encourage U.S. companies to build electric vehicles, batteries, solar panels and wind turbines.
  • France and other European Union nations have raised concern that the American-centric policies could exclude European companies from the U.S. green energy market. 
  • "I think that this is not in line with the rules of the World Trade Organization and that it is not in line with friendship," Macron said this month. The disagreement risks sparking a trade war if the EU were to adopt similar policies boosting European firms.

French President Emmanuel Macron speaks during a working lunch on climate and biodiversity issues with US Climate Envoy John Kerry, members of the United States Congress, and key US stakeholders on climate, at the Library of Congress in Washington, DC, on November 30, 2022.
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