The West’s commercial rivalry with China over green energy and the future of Brazil, which promised to strengthen democracy after the assault on its institutions and balance its public accounts, They focused this Tuesday on the start of the Davos forum, which brings together the world’s economic and political elite every year in Switzerland.
European Commission President Ursula von der Leyen on Tuesday criticized efforts to attract European cleantech industries to China through subsidies that she said would “distort” the market.
“When trade is not fair, our reactions must be stronger,” he said, pointing to China but also the United States, where a big climate investment plan by US President Joe Biden is underway.
“Our objetive should be to avoid any disruption to transatlantic trade and investment”he claimed.
Biden’s plan, called the Inflation Reduction Act, (IRA), provides for large subsidies for US companies in the electric vehicle or renewable energy sector.
For his part, Chinese Vice Premier Liu He He called for an end to the “Cold War mentality” and reiterated Beijing’s opposition to “unilateralism and protectionism.”
Forum It is celebrated this year in a world marked by the war in Ukraine and under the motto “cooperation in a fragmented world”.
In this sense, the new government in Brazil of the leftist Luiz Inácio Lula da Silva also calls for multilateralism and was represented in Davos by two ministerswho promised on Tuesday to reinforce democracy, after the assault on January 8 that put their institutions in check, and to balance public accounts after the presidency of far-right Jair Bolsonaro.
“It is not comfortable for any government to have an extremist opposition,” acknowledged the Finance Minister, Fernando Haddad, who participated together with the Environment Minister, Marina Silva, in a session dedicated to the “new road map” of the Latin American giant.
JM
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