EU Strikes Deal On Clean Tech To Compete With China, US
Posted on AllSides February 6th, 2024
From The Center
AFP
EU states and lawmakers clinched a deal on Tuesday to expand Europe's clean tech production, from solar and wind to carbon capture, as the bloc faces off with China and the United States.
Brussels wants to reduce its reliance on China and make Europe more attractive for investment after the United States unleashed a $369 billion bonanza of clean technology subsidies last year.
The European Union announced the plans last year, spurred by concerns the US programme, which includes tax credits, would lure European manufacturers away.
Belgium, which holds the...
