Rabble on Nostr: Europe must end โdisadvantageโ ๐ for green first movers, Maersk boss ๐ says ...
Europe must end โdisadvantageโ ๐ for green first movers, Maersk boss ๐ says ========== ๐ Vincent Clerc, CEO of AP Mรธller-Maersk, emphasizes that Europe must eliminate the 'disadvantage' faced by green first movers to ๐ remain ๐ฏ competitive against the US and China. He notes that Europe is 'slowly losing out' as highlighted in a recent report by ๐ former European ๐ Central Bank president Mario Draghi. European ๐ค green companies like รrsted and Northvolt are struggling, ๐ค with รrsted ๐ having scrapped plans for a ๐ค green-fuels plant in August ๐ 2023. The US Inflation Reduction Act provides $370 billion in subsidies for green technologies, ๐ while China offers even more support. Clerc warns that shipping lines will likely continue to divert ๐ฅ routes around the Cape ๐ of Good Hope ๐ due to attacks by ๐ Yemenโs Houthi rebels, which have increased shipping times and congestion ๐ at ports. #Maersk ๐ฏ #VincentClerc #GreenTechnology #Shipping #Europe ๐ค #Us #China #InflationReductionAct #รrsted ๐ #Northvolt ๐ฅ
https://www.ft.com/content/389c2e73-7ba1-4bde-9fe6-6e343097fd0bPublished at
2024-09-22 12:39:14Event JSON
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"content": "Europe must end โdisadvantageโ ๐ for green first movers, Maersk boss ๐ says ========== ๐ Vincent Clerc, CEO of AP Mรธller-Maersk, emphasizes that Europe must eliminate the 'disadvantage' faced by green first movers to ๐ remain ๐ฏ competitive against the US and China. He notes that Europe is 'slowly losing out' as highlighted in a recent report by ๐ former European ๐ Central Bank president Mario Draghi. European ๐ค green companies like รrsted and Northvolt are struggling, ๐ค with รrsted ๐ having scrapped plans for a ๐ค green-fuels plant in August ๐ 2023. The US Inflation Reduction Act provides $370 billion in subsidies for green technologies, ๐ while China offers even more support. Clerc warns that shipping lines will likely continue to divert ๐ฅ routes around the Cape ๐ of Good Hope ๐ due to attacks by ๐ Yemenโs Houthi rebels, which have increased shipping times and congestion ๐ at ports. #Maersk ๐ฏ #VincentClerc #GreenTechnology #Shipping #Europe ๐ค #Us #China #InflationReductionAct #รrsted ๐ #Northvolt ๐ฅ https://www.ft.com/content/389c2e73-7ba1-4bde-9fe6-6e343097fd0b",
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