The UK’s Chancellor of the Exchequer, Jeremy Hunt, has criticised U.S. President Joe Biden’s green energy policies and said they risk pushing the world economy into the “dark ages.”
Biden approved a $369 billion package of subsidies for U.S. climate and energy businesses, but Hunt said it could lead to other countries putting up trade barriers in retaliation.
The Inflation Reduction Act has led to $200 billion in investment since it was passed last year, according to the Financial Times, but both Britain and the European Union have drawn up their own responses amid fears of a new era of protectionism….