This week the European Commission President Ursula von der Leyen used a speech at the World Economic Forum in Davos to promise investments from the EU very similar to the Inflation Reduction Act (IRA) act passed by the US. Von der Leyen said she will bring in new legislation, adding a new Green Deal Industrial Plan, to go with Europe’s original European Green Deal, the Just Transition Fund, and its NextGenerationEU and REPowerEU energy security pieces of legislation. The Green Deal Industrial Plan is a sort of stand-off and it is framed as either a parallel island of investment which can co-exist with the IRA or a direct rival to it, to incentivize European companies to stay at home and…