Home › Articles and Publications › National Convention on the EU | Background paper: reaction to the US Inflation Reduction ActNational Convention on the EU | Background paper: reaction to the US Inflation Reduction Act
Kateřina Davidová and Tereza Novotná prepared a background paper for the Round Table of the National Convention on the EU on Reactions to the US Inflation Reduction Act. Three main questions are put to the Roundtable: What impact can the IRA have on Transatlantic relations and free trade in general, and how should the EU try to actively shape these relations? How can the EU ensure the competitiveness and strengthen the productivity of its industry in the future and promote the development of EU produced green technologies? How will the changes affect the Czech Republic directly and how should the Czech Republic proceed within the EU to avoid being left behind in the "green race"? Which specific climate-neutral (net-zero) industrial sectors should the Czech Republic focus on?
25. April 2023
In August 2022, the US Congress passed the Inflation Reduction Act (also known as the IRA). This Act is a response to the multiple crises of recent years, from the current climate crisis, to the covid and energy crises, to rising inflation, and together with the enacted CHIPS and Science Act, continues the established trend of protecting the US industrial base against a rapidly expanding China.
The full background document can be found under the PDF button.
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