Green subsidy race? 5 experts explain what to expect

Mar 30, 2023

The green subsidies introduced by the US and EU will result in a significant increase in demand for critical minerals. Image: REUTERS/Kevin Lamarque

Timothy Conley

Digital Engagement Specialist, World Economic Forum

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While the US Inflation Reduction Act and EU Green Deal Investment Plan encourage private sector innovation, some people fear they could threaten developing economies and worsen global trade tensions. In picture: US Trade Representative Katherine Tai. Image: REUTERS/Adriano Machado

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— Kimberley Botwright, Head, Sustainable Trade, World Economic Forum

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— Chido Munyati, Head of Regional Agenda, Africa

Not all economies can afford to subsidise their green sectors, and competition for green subsidies could widen the gap between the North and the Global South. Image: REUTERS/Ueslei Marcelino/File Photo

Chinese Foreign Minister Qin Gang has indicated that the US and EU's green subsidies will disrupt global supply chains. Image: REUTERS/Thomas Peter

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— Boris Brkovic, Clean Technology Acceleration Lead, First Movers Coalition

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