The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn.
China’s dominance in clean energy supply chains presents a conundrum for governments trying to green their economies and meet fast-approaching climate targets while protecting entire industries and thousands of jobs from a flood of cheap imports.
Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers.
→ Continue reading at CNN - Business News