The White House has little appetite for changes to the Inflation Reduction Act, but officials say the rulemaking process may help accommodate concerns.
The administration says it presents “significant opportunities for European firms,” as well as benefits for E.U. energy security, by accelerating the energy transition. “The bottom line,” said a National Security Council spokesman, John Kirby, is that clean energy is “a tide that raises all boats … There’s plenty of opportunity for everybody in that.”
As far as the White House is concerned, the legislation passed by slim margins and there is little appetite for asking Congress to make changes. But, administration officials say, Allies, still reeling from the tit-for-tat chaos of the Trump era, expressed some irritation with the way the dispute has been handled over the past months. They cited a lack of consultation and care, particularly in the context of Russia’s war in Ukraine, which has sent energy prices soaring across the continent and pushed the E.U. to the brink of recession.
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