EU plans to defeat China and US in clean tech battle

At the World Economic Forum in Davos, the EU Commission head Ursula von der Leyen stressed the bloc’s need to boost its clean tech industry and increase its competitiveness against the US and China– amidst increasing trade tensions with both nations. The International Energy Agency (IEA) estimates that the market for mass-manufactured clean energy tech will be worth around $650 billion a year by 2030 — three times more than today’s levels. And according to Von der Leyen, the targeted net-zero transformation is already causing tremendous industrial, economic, and geopolitical shifts — leaving the EU with a small window of…

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