Despite increased Western investment in renewable energy, China maintains a formidable lead in the global clean energy market, posing risks of over-reliance.
Are efforts to diversify global clean energy supply chains too little, too late For years now, China has been growing its clean energy influence at a breakneck pace, pouring huge amounts of money into its own clean energy manufacturing capacity and shoring up key energy and primary materials markets in developing countries across Asia, Africa, and Latin America.
The European Union fared only slightly better, at $180 billion. And those numbers, while dwarfed by China, actually mark a major improvement for the West and for the United States in particular. The U.S. has been trailing in the clean energy race for well over a decade at this point.
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