Emerging economies ‘quickly catching up’ on Europe and the US in clean industry race
"The new generation of energy-intensive industrial plants will go to where they can access abundant, reliable, cheap, clean electricity."
Countries like India, Egypt and Brazil may soon overtake China, Europe and the US in the clean industry race, thanks to abundant renewable energy resources and favourable policies.
New analysis by the Mission Possible Partnership (MPP) suggests that the clean industrial revolution may soon shift trade dynamics between the Global North and the Global South, with a ‘new industrial sunbelt’ quickly catching up on the ‘big three’ industrial leaders that are China, Europe and the US.
