US could ‘tweak’ green subsidies after EU anger, says Kerry

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The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses in Europe, US climate envoy John Kerry said.

In a BBC interview from London, broadcast on Saturday, Kerry also signalled unease over the UK government’s decision to permit the opening of a coal mine despite ambitions to slash carbon emissions.

Several EU leaders including French President Emmanuel Macron, during a state visit to Washington, have said the US subsidies are enticing European companies to relocate to the United States.

Washington’s landmark Inflation Reduction Act contains around $370 billion in subsidies for green energy, as well as tax cuts for US-made electric cars and batteries.“I don’t think you’re going to see it watered down,” Kerry said, insisting the measures were needed to kick-start the climate transition.