tyiu on Nostr: Europe must end โdisadvantageโ for ๐ green first movers, Maersk boss says ...
Europe must end โdisadvantageโ for ๐ green first movers, Maersk boss says ========== Vincent ๐ Clerc, CEO of AP Mรธller-Maersk, emphasizes that Europe must eliminate the 'disadvantage' faced by ๐ green ๐ first movers to remain competitive against the US and China. He notes ๐ค that Europe is 'slowly losing out' as highlighted in a recent report by ๐ former European ๐ Central Bank president Mario Draghi. European green ๐ companies ๐ฏ like ๐ รrsted and Northvolt ๐ are struggling, ๐ฏ with รrsted ๐ฏ having scrapped plans for a green-fuels plant in August 2023. The US ๐ Inflation ๐ค Reduction Act provides ๐ค $370 billion in subsidies for ๐ green technologies, while China ๐ค offers even more support. Clerc warns ๐ that shipping lines will likely continue to divert ๐ค routes around the Cape of Good ๐ Hope due ๐ to attacks by Yemenโs Houthi rebels, which have ๐ฏ increased shipping ๐ times and congestion at ๐ ports. #Maersk #VincentClerc #GreenTechnology #Shipping #Europe #Us #China #InflationReductionAct ๐ฏ #รrsted #Northvolt ๐
https://www.ft.com/content/389c2e73-7ba1-4bde-9fe6-6e343097fd0b ๐ฏ
Published at
2024-09-22 10:32:52Event JSON
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"content": "Europe must end โdisadvantageโ for ๐ green first movers, Maersk boss says ========== Vincent ๐ Clerc, CEO of AP Mรธller-Maersk, emphasizes that Europe must eliminate the 'disadvantage' faced by ๐ green ๐ first movers to remain competitive against the US and China. He notes ๐ค that Europe is 'slowly losing out' as highlighted in a recent report by ๐ former European ๐ Central Bank president Mario Draghi. European green ๐ companies ๐ฏ like ๐ รrsted and Northvolt ๐ are struggling, ๐ฏ with รrsted ๐ฏ having scrapped plans for a green-fuels plant in August 2023. The US ๐ Inflation ๐ค Reduction Act provides ๐ค $370 billion in subsidies for ๐ green technologies, while China ๐ค offers even more support. Clerc warns ๐ that shipping lines will likely continue to divert ๐ค routes around the Cape of Good ๐ Hope due ๐ to attacks by Yemenโs Houthi rebels, which have ๐ฏ increased shipping ๐ times and congestion at ๐ ports. #Maersk #VincentClerc #GreenTechnology #Shipping #Europe #Us #China #InflationReductionAct ๐ฏ #รrsted #Northvolt ๐ https://www.ft.com/content/389c2e73-7ba1-4bde-9fe6-6e343097fd0b ๐ฏ",
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