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2024-09-22 12:39:14

Rabble on Nostr: Europe must end โ€˜disadvantageโ€™ ๐ŸŒˆ for green first movers, Maersk boss ๐Ÿ˜‚ says ...

Europe must end โ€˜disadvantageโ€™ ๐ŸŒˆ for green first movers, Maersk boss ๐Ÿ˜‚ says ========== ๐Ÿ˜€ Vincent Clerc, CEO of AP Mรธller-Maersk, emphasizes that Europe must eliminate the 'disadvantage' faced by green first movers to ๐ŸŒˆ remain ๐Ÿ’ฏ competitive against the US and China. He notes that Europe is 'slowly losing out' as highlighted in a recent report by ๐ŸŒˆ former European ๐Ÿ˜‚ Central Bank president Mario Draghi. European ๐Ÿค” green companies like ร˜rsted and Northvolt are struggling, ๐Ÿค” with ร˜rsted ๐ŸŽ‰ having scrapped plans for a ๐Ÿค” green-fuels plant in August ๐Ÿ˜€ 2023. The US Inflation Reduction Act provides $370 billion in subsidies for green technologies, ๐Ÿ˜‚ while China offers even more support. Clerc warns that shipping lines will likely continue to divert ๐Ÿ”ฅ routes around the Cape ๐ŸŒˆ of Good Hope ๐Ÿ˜‚ due to attacks by ๐Ÿ˜€ Yemenโ€™s Houthi rebels, which have increased shipping times and congestion ๐Ÿ˜‚ at ports. #Maersk ๐Ÿ’ฏ #VincentClerc #GreenTechnology #Shipping #Europe ๐Ÿค” #Us #China #InflationReductionAct #ร˜rsted ๐ŸŽ‰ #Northvolt ๐Ÿ”ฅ https://www.ft.com/content/389c2e73-7ba1-4bde-9fe6-6e343097fd0b
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