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1. The tenth European Union (EU) - United States Energy Council ("Council") met today in Brussels, chaired by EU High Representative/Vice President Josep Borrell Fontelles, European Energy Commissioner Kadri Simson, US Secretary of State Antony Blinken, and US Deputy Secretary of Energy David M. Turk. Minister Tobias Billström of the Swedish Ministry for Foreign Affairs represented the Presidency of the Council of the European Union. [...] 16. The EU and the United States also intend to continue working together to foster energy investments aiding the transition towards climate neutrality in a transparent and mutually reinforcing manner avoiding zero-sum competition at the transatlantic level and around the globe. The Council noted the vital importance of diversifying and securing supply chains for critical minerals and raw materials necessary for the energy transition to net-zero emissions by 2050, and reinforced the value of EU-US collaboration in fora such as the Minerals Security Partnership, the Conference on Critical Materials and Minerals and the International Energy Agency [IEA] Critical Minerals Working Party. The Council invited its Energy Policy Working Group to explore possible further cooperation areas in view of achieving shared energy and climate objectives. [...] Multilateral Cooperation 21. The Council acknowledged progress on multilateral initiatives and intends to continue discussing strategic topics and coordinating positions ahead of major multilateral events. The strong EU-US relationship has paved the way for more ambitious global climate and energy actions, including at international fora such as climate COPs, G7, G20, International Energy Agency [IEA], Clean Energy Ministerial, Mission Innovation, the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC), International Renewable Energy Agency [IRENA], including through advancing "Just Energy Transition Partnerships" with third countries, and in fusion through both the ITER international agreement and EURATOM research. The EU and the United States intend to intensify joint work towards making energy efficiency a global priority.
21. The Council acknowledged progress on multilateral initiatives and intends to continue discussing strategic topics and coordinating positions ahead of major multilateral events. The strong EU-US relationship has paved the way for more ambitious global climate and energy actions, including at international fora such as climate COPs, G7, G20, International Energy Agency [IEA], Clean Energy Ministerial, Mission Innovation, the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC), International Renewable Energy Agency [IRENA], including through advancing "Just Energy Transition Partnerships" with third countries, and in fusion through both the ITER international agreement and EURATOM research. The EU and the United States intend to intensify joint work towards making energy efficiency a global priority.
APsplainin • Many electric vehicles to lose big tax credit with new [Inflation Reduction Act] rules • 'War of the states': EV, chip makers lavished with ["]subsidies["] AP reference: Good Jobs First User Guide to tax refunds, tax-free bonds, and foregone tax revenue example profile: Maryland
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