The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing.

But no country has come close to matching the scale and tenacity of China’s support. The proof is in the production: In 2022, Beijing accounted for 85 percent of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

Now the United States, Europe and other wealthy nations are trying frantically to catch up.

  • silence7OP
    8·
    1 month ago

    They’re actually manufacturing (and installing) huge amounts of wind and solar — It’s just that they haven’t actually done so at a pace sufficient to start displacing coal burning.