Audio Interview

Europe's response to the Inflation Reduction Act: achieving a net zero economy

Published on August 14, 2023   24 min

Other Talks in the Playlist: Interviews with business leaders and scholars

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Interviewer: Today, I'm interviewing Ms. Eila Kreivi, Chief Sustainable Finance Advisor at the European Investment Bank. The subject is EIB's role in supporting ventures that facilitate a net-zero economy and Europe's response to the USA's Inflation Reduction Act. Listeners, we expect you to have read the article by Dr. Werner Hoyer, President of the European Investment Bank, What Europe's Economy Needs Now, published on the 27th of February, 2023, in Project Syndicate. Dr. Hoyer is president of the EIB and chairman of its board of directors. Ms. Kreivi, thank you for sparing the time for this interview. It would be easy to interpret the article as a memorandum to the wider EU decision-making hierarchy, designed to influence policy. May I ask two questions? First, the article states, "We do need to persuade the US to reconsider some of the IRA's provisions, especially those that go against long-standing principles of open and fair competition." Who's to do that? Second, Dr. Hoyer writes, "We urgently need to funnel more money into European clean power, cleantech manufacturing and digitalization." And, "We're ready to work with the European Commission and EU member states to create a new pan-EU equity fund

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Europe's response to the Inflation Reduction Act: achieving a net zero economy

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