The European Union faces a strategic choice in deciding how to deal with China’s green-tech dominance. Instead of implementing defensive industrial policy, it should try to find common cause with China on clean trade and investment, using its strengths in rulemaking and norm-setting to promote both sides’ economic interests.
The Asia-Pacific is at the forefront of green industrial policies and must accelerate the transition through multilateral efforts to serve as a model for a greener future.
A balanced approach that includes both solar photovoltaic and solar thermal, backed by strong policy support, local manufacturing and circularity infrastructure, is essential to ensure India’s energy security.