Dec 1, 2024

Global Green Subsidy Race Draws Investor Attention

The global competition in green energy subsidies among the US, Europe, and China is intensifying, impacting renewable energy markets and investor strategies.

The EU’s Net-Zero Industry Act and the US’s 2022 Inflation Reduction Act aim to dominate the renewable energy market but have created tensions and competition between their economies. China’s substantial subsidies have enabled its rapid advancement in electric vehicles and batteries, presenting another competitive challenge. Amidst this uncertainty, investors and businesses are adopting a cautious stance, slowing down decarbonization efforts and risking increased dependency on Chinese renewable technologies. Read more.

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