{"id":27759,"date":"2023-03-29T21:54:25","date_gmt":"2023-03-29T21:54:25","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/"},"modified":"2023-03-29T21:54:27","modified_gmt":"2023-03-29T21:54:27","slug":"why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/","title":{"rendered":"Why startups should care about geopolitical repercussions of US climate law"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/29\/us-climate-law-startups-investors\/<\/a><\/br>
\nWhy startups should care about geopolitical repercussions of US climate law<\/br>
\n2023-03-29 21:54:25<\/br><\/p>\n

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Pity Donald Trump.<\/span> He spent four years in office tearing up trade agreements and ranting about rewriting old ones, all to little avail. Now, a key U.S. climate law is doing more to change the dynamics of international trade than any blustering and bullying ever did.<\/p>\n

The Inflation Reduction Act<\/a> has been hailed as a win for domestic producers of minerals that are critical to electric vehicles and other hallmarks of the decarbonized economy. The most impactful so far have been the provisions that require a minimum amount of domestic sourcing and processing<\/a> to be eligible for the $7,500 EV tax credit. That language alone has spurred tens of billions of dollars of investment<\/a> in the U.S. battery supply chain.<\/p>\n

But there\u2019s no way the U.S. can produce all that\u2019s needed \u2014 the country simply doesn\u2019t have enough reserves, while China has a lock on many parts of the market. So the law also includes a handy loophole qualifying minerals from countries with which the U.S. has a free trade agreement. The law already qualified \u201cNorth American\u201d suppliers, and the free trade language opens the door further.<\/p>\n

Late on Monday, the door opened a little wider as the U.S. and Japan announced a trade deal encompassing cobalt, graphite, lithium, manganese and nickel, all minerals that are key components of EV batteries. The agreement opens up both markets to new supplies of the minerals, allowing battery manufacturers and automakers to benefit from the IRA\u2019s minerals requirement.<\/p>\n

For now, Japan is the only country to successfully negotiate a new agreement in the wake of the IRA, but it probably won\u2019t be the only one. The EU, which has made no secret about its displeasure with the new law<\/a>, is also in talks with the U.S.<\/p>\n

In the seven months or so since the IRA was passed, the global landscape for critical minerals and battery manufacturing has changed rapidly, and a potentially steady stream of new free trade agreements promises to keep things fluid. For founders and investors alike, that injects a fresh dose of uncertainty.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/03\/29\/us-climate-law-startups-investors\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/29\/us-climate-law-startups-investors\/ Why startups should care about geopolitical repercussions of US climate law 2023-03-29 21:54:25 Pity Donald Trump. He spent four years in office tearing up trade agreements and ranting about rewriting old ones, all to little avail. Now, a key U.S. climate law is doing more to change the dynamics of international trade than any […]<\/p>\n","protected":false},"author":1,"featured_media":27760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-27759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nWhy startups should care about geopolitical repercussions of US climate law - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why startups should care about geopolitical repercussions of US climate law - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/29\/us-climate-law-startups-investors\/ Why startups should care about geopolitical repercussions of US climate law 2023-03-29 21:54:25 Pity Donald Trump. He spent four years in office tearing up trade agreements and ranting about rewriting old ones, all to little avail. Now, a key U.S. climate law is doing more to change the dynamics of international trade than any […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-29T21:54:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-29T21:54:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law_6424b3927c4a5.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/why-startups-should-care-about-geopolitical-repercussions-of-us-climate-law\/\",\"name\":\"Why startups should care about geopolitical repercussions of US climate law - 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