02-05-2024 15:03 via thenextweb.com

Europe is falling behind in the race to develop space-based solar power

When the EU approved the European Green Deal in 2020, the bloc unveiled a plan to lead the clean energy transition. Yet it has since faced growing competition from both China — which has quickly and quietly buried Europe’s solar panel industry and is now taking aim at its EV market — and the US, which under the Biden administration took an about-face on sustainability with the introduction of the Inflation Reduction Act in 2022. As the EU invests more into renewables, it will
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