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Mining superpower Australia will on Thursday announce a US-style scheme to pour public money into manufacturing and clean energy industries, joining the global race to build a cleaner and more resilient economy.Tim Buckley, director of independent public interest think tank Climate Energy Finance, said the act would lay the foundations to make Australia a zero-emissions trade and investment leader and global clean energy "superpower". ....
China's Massive Subsidies for Green Technologies idw-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idw-online.de Daily Mail and Mail on Sunday newspapers.
In the United States, there are massive subsidies. In China, there is an industrial strategy pursued with ruthless effectiveness. And yet in Europe, there are just “deadlines and fines”. ....
The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States. The EU has been scrambling to stop investment in key green technologies from going to the United States as the IRA funnels some $370 billion into subsidies, including tax breaks for US-made electric vehicles and batteries. ....
(Bloomberg) The European Union needs to investigate Chinese support for electric vehicles as a result of the massive subsidies it provides the industry, according to the head of the bloc’s executive arm.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College Rankings“We like competition but ....