These are not really monetary policy issues, but as you pointed out, the new U.S. law has changed the game with respect to competition.
I know that governments around the world, in Europe and in Canada are watching the impact this change in the United States is having on their country. It may affect how businesses make investments. It may lead them to invest elsewhere. So every country should be monitoring this. We need to see what impact it will have on our country and think about what we need to do.
In Canada, we have a carbon tax in place. We also have
“carbon capture and storage”. There are tax incentives to make that more attractive.
Different countries have different strategies, and it's important to look at what's similar or different about them.