A quick explainer on the climate tech race
Published in
Apr 4, 2023
What happened: So, the EU has released the Green Deal Industrial Plan. It’s a good time to be in the decarbonization business in the United States, and the European Union has noticed, The Atlantic’s Emma Marris reports here.
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Why it matters: The EU plan offers green subsidies meant to compete with those offered by the United States and China. All of this momentum suggests that the energy transition is “not only inevitable, but lucrative,” Marris writes.
The takeaway: The push to decarbonize has picked up speed — and that’s a really good sign. But it’ll take a lot more than incentives, subsidies and grants to reach net-zero.
