America's vast $369 billion green subsidy package nestled in Biden's Inflation Reduction Act (IRA) set alarm bells ringing across Europe when it was unveiled a year ago. And for a good reason: Europe was already battling economic headwinds from the pandemic and the Ukrainian crisis. Many had expected this to be the final straw - a siren call luring away Europe's elite cleantech companies to the promise of U.tax incentives, leaving Europe in the dust, devoid of future jobs, innovation, and investment. .