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EU MOVES ON CLEAN TECHNOLOGY: SUBSIDIES UP, FREE MARKET DOWN

The European Union presented plans to fundamentally revamp its policies on promoting green technologies and dealing with critical raw materials, imposing limits on imports from countries like China while unleashing subsidies and other financial incentives to ramp up home production.

The plans by the European Commission, the EU’s executive arm, are essential in moving toward a climate neutral economy, while also increasing the bloc’s strategic independence in a shifting world of geopolitical alliances.

To achieve

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