EU strikes deal on clean tech to compete with China, US
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EU states and lawmakers have reached a provisional agreement to expand Europe's clean tech production, including solar, wind, and carbon capture. The European Union wants at least 40 percent of green tech used in the EU to be produced in the bloc by 2030. The law also aims to support the EU's bid to become a carbon-neutral economy by 2050. The draft law will enter into force after formal approval by EU states and the parliament. The EU is seeking 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. Access to clean tech and avoiding overreliance on imported technology is a major concern in Europe. China dominates the solar power industry, and Europe's solar panel manufacturers have accused Beijing of not playing fairly. The EU has taken a tougher line on Beijing in recent years, seeking to "de-risk" its economy from China.

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https://www.legit.ng/business-economy/economy/1577408-eu-strikes-deal-clean-tech-compete-china-us/