Subsidy Wars

Is the Climate Agenda driving a wedge through Global Trade Cooperation?

This podcast episode was recorded on 17 March 2023


Elvire Fabry, Senior Research Fellow, Jacque Delors Institute

Alan Beattie, Senior Trade Writer, The Financial Times


Rem Korteweg, Senior Research Fellow, Clingendael Institute

The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.

The United States Inflation Reduction Act (IRA), which combines climate policy and industrial policy, caused immediate concerns in Europe. With significant implications for European competitiveness and impact on its Green Deal ambitions, the EU responded primarily with state aid rules relaxation to encourage European green tech firms to stay put.

How will the EU and the US resolve this green subsidy dispute? How can trade and the climate agenda go together? With an increased use of subsidies by the US and Europe, what are the broader implications for the future of multilateral rules-based trade?’


The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute GermanyCEBRI - the Brazilian Center for International RelationsChatham House (UK); the Clingendael Institute (The Netherlands); the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).

The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.