When the EU approved the European Green Deal in 2020, the bloc unveiled a plan to lead the clean energy transition. Yet it has since faced growing competition from both China — which has quickly and quietly buried Europe’s solar panel industry and is now taking aim at its EV market — and the US, which under the Biden administration took an about-face on sustainability with the introduction of the Inflation Reduction Act in 2022. As the EU invests more into renewables, it will need to overcome hurdles around reliability, storage, transmission, and scalability to reach its ambitious 2030 renewable…
Read Entire Article
