Debelle bemoans distortion created by Biden’s $US1trn green bill
The Biden administration’s flagship green energy policy, the Inflation Reduction Act, is creating an uneven playing field for investment and luring more capital to US projects at the expense of other markets such as Australia, according to Fortescue Future Industries director Guy Debelle.
The hydrogen advocate and former Reserve Bank deputy governor also expressed concern that “there’s an incentive to wait” when it comes to domestic decarbonisation and the preference for purchasing carbon credits.
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