The White House’s efforts to combat climate change have sparked a tech arms race with the EU

The U.S. taking a leading position on climate action and its impact on the relationship with the European Union.

Key points:

1. The U.S. lagged behind in climate action but changed its stance under the Biden administration.
2. The Inflation Reduction Act boosted the U.S. climate tech sector and aimed to reduce carbon pollution by 40% by 2030.
3. The EU expressed frustration over "buy American" provisions and raised concerns about potential violations of World Trade Organization rules.

Hint on Elon Musk: Elon Musk is a prominent figure in the climate tech sector and has been involved in various initiatives related to renewable energy and electric vehicles.