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US and EU clarify clean energy goals

US and European Union leaders clarified their clean energy partnership during a meeting at the White House on Friday.

The meeting addressed the EU’s concerns that clean energy details in the Inflation Reduction Act did not align with World Trade Organization rules.

President Joe Biden and European Commission President Ursula von der Leyen released a statement announcing new steps to deepen their economic relationship, build clean energy economies and address shared national security challenges.

The presidents say they will immediately begin negotiations on a targeted critical minerals agreement to allow minerals processed in the EU to count toward requirements for clean vehicles in the Inflation Reduction Act.  The countries have also launched the Clean Energy Incentives Dialogue to coordinate their respective incentive programs to prevent disruptions in transatlantic trade.

The leaders expressed mutual agreement to ensure clean energy goals in the Inflation Reduction Act and EU Green Deal Industries Plan work together to strengthen clean energy in both countries and invest in industries of the future.

The statement also outlines a priority to help end Russia’s war against Ukraine and a commitment to work through the US-EU Trade and Technology Council to strengthen economic security in both countries.