U.S. climate win may distort global net-zero race

MUMBAI, Aug 18 (Reuters Breakingviews) — America’s drive to speed up its energy transition is likely to throw other big carbon emitters off course. A large chunk of America’s $430 billion Inflation Reduction Act that President Joe Biden signed into law on Wednesday will incentivise companies to boost the country’s solar, wind and hydrogen output. The danger is that for the next few years this will give them far greater control over supply chains that poorer countries depend on before the knock-on benefits of increased investment and production make such technology read more more available and affordable worldwide.