Might geopolitical competition driven by USChina rift be good for ... Eco
Western countries are looking to reduce their reliance on China in the green energy supply chain, leading to potential opportunities for other Asian nations like India, Indonesia, South Korea, and Japan. Hiromichi Mizuno, founder of consulting firm Good Steward Partners, stated that China's dominance in clean energy production has prompted other countries to seek alternative sources. The US administration's Inflation Reduction Act aims to secure the supply chain for the green economy by requiring manufacturers to meet certain criteria for the electric vehicle tax credit. Mizuno suggested that restructuring supply chains could allow other Asian countries to play a larger role in the global energy transition.
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