Steering the Future: Comparing the Green New Deal and the Inflation Reduction Act

To many across the planet, Europe's Green New Deal and America's Inflation Reduction Act (IRA) are one in the same.

Mar 23, 2025

∙ Paid

In the quest to combat climate change and transition towards a sustainable economy, both Europe and the United States have introduced landmark legislation: Europe's Green New Deal and America's Inflation Reduction Act (IRA).

While both aim to direct the marketplace and reshape the economy through government intervention, their approaches, strategies, and impacts offer unique insights into how different political and economic systems address global environmental challenges.

The Green New Deal: Europe's Ambitious Blueprint

The European Green New Deal (EGD), unveiled in December 2019, represents the European Union’s comprehensive plan to make Europe the first climate-neutral continent by 2050. The EGD encompasses a wide range of policies targeting various sectors including energy, agriculture, transportation, and industry.

Key elements include:

Steering the Future: Comparing the Green New Deal and the Inflation Reduction Act

To many across the planet, Europe's Green New Deal and America's Inflation Reduction Act (IRA) are one in the same.

This post is for paid subscribers