The European Union pushed forward with a major clean tech industrial plan, which not only should keep the continent in the vanguard of plotting a greener future but guarantee its economic survival as it faces challenges from China and the US. Know more:
BRUSSELS—The European Union pushed forward on Tuesday with a major clean tech industrial plan, which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States.
At the same time in Germany, climate protests resumed Tuesday over the destruction of a small village to allow expansion of a coal mine, as the country strives to boost its energy security amid the cut in Russian gas supply. And as it is trying to wean itself of an overdependence on Russia energy since the war in Ukraine started almost a year ago, the EU doesn’t want to become as dependent on China for rare earth materials, which are critical to the development of battery storage, hydrogen and wind energy.
In Brussels too, where EU Trade Commissioner Valdis Dombrovskis had talks with his US counterpart Catherine Tai, both went out of their way to play down the EU’s complaints about the $369 billion US Inflation Reduction Act. No specific figures were mentioned, but going on what the United States is putting in its US Inflation Reduction Act and how the EU already waved through 672 billion euros in aid to allow member states to deal with the impact of the war in Ukraine, any EU commitment will be massive.
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