Winning the global green race: Lessons for the UK from the US' Inflation Reduction Act

Article

The UK is in urgent need of renewal. The country faces a series of challenges: stagnation and inequality, risks to national and energy security, and the climate and nature crises.

In response to similar threats faced in the United States, the Biden administration has passed the Inflation Reduction Act, and while the EU is contesting various measures on fair trade grounds, it’s also preparing to respond in kind via its proposed Green Deal Industrial Plan. The UK risks being squeezed by its two largest trading partners.

It’s not possible for the UK to just replicate the measures in the IRA, but there are lessons to learn if the UK is to respond effectively and reap the benefits of the green transition and accelerate its pathway to net zero. Failure to do so will see the UK not just falling behind in the global green race, but falling out of it altogether with disastrous consequences for its economy and the environmental agenda.

Related items

  1. Queen Square Bus Station on Hood Street in Liverpool city centre

    En route to renewal: Delivering better, greener buses

    Good buses drive a strong economy, healthy environment and thriving society. 
  2. Townhouses beside the railway on the viaduct with a running train in Durham, UK

    On track to prosperity: Great Northern Rail

    It’s time the North saw real change for better transport, delivering prosperity and better lives: a long-term plan for Great Northern Rail
  3. Union Jack flag and the Stars and Stripes flag of the USA, fluttering together in front of Big Ben in Westminster

    It's the cost of living, stupid: Why progressives lose and win

    UK households are impatient for change. Trust in our political system is low and that’s reflected in scepticism across the board that government can make things better.