On 28 March 2024, China requested consultations with the United States regarding certain aspects of its Inflation Reduction Act (IRA). This is the latest in the ever growing list of trade disputes over green industrial policy (GIP) measures. IRA entered into force on 16 August 2022 as a key pillar of the Biden Administration’s climate agenda to accelerate the shift towards low carbon economy. It seeks to promote the development and deployment of clean technologies, inter alia, through subsidies for electric vehicles and electricity generated from renewable energy sources. China alleges that the conditions attached to the subsidies for electric vehicles and renewable energy projects are discriminatory trade measures inconsistent with international trade rules... Read full article
