Bloomberg Law
Jan. 20, 2023, 9:00 AM

The Cleantech Arms Race has Begun. Can it Save the Planet?

Akshat Rathi
Akshat Rathi
Bloomberg News

It has dominated the headlines out of Davos this week, prompted diplomatic grumblings from Germany and put European lawmakers in a bind. Passed last year, a historic US climate bill has opened up a new era in geopolitics, one of unprecedented global competition to develop planet-saving technologies.

The US ranks top when it comes to the cumulative greenhouse gases added to the atmosphere since the industrial revolution, but remains behind in reducing its reliance on the fossil fuels that are heating up the planet. Despite its name, President Joe Biden’s Inflation Reduction Act, which became law last summer, is aimed ...

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