UK Cabinet Split on US Green Subsidies as Energy Secretary Praises Inflation Reduction Act
• UK Energy Secretary Coutinho praises impact of US green subsidies from Inflation Reduction Act, signaling split with other Cabinet members
• Chancellor Hunt and Trade Secretary Badenoch criticized IRA as "protectionist"
• Coutinho says more countries spending on clean energy can drive down prices and create new technologies
• UK recently pledged £4.5 billion in manufacturing subsidies, with over £2 billion for electric vehicles
• Hunt previously said UK won't engage in "distortive global subsidy race" with US, but now touts job creation from new funds