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Global Clean Energy Spending Surges
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China leads a record $1.8 trillion global clean energy spending in 2023, driven by investments in renewable energy, EVs, hydrogen, and other technologies. The US, EU, and UK experienced a 22% increase, with a combined total of $718 billion. EV investments surpassed renewable energy, while hydrogen investments tripled to $10.4 billion. However, the world needs to double its investments by 2030 to achieve net-zero emissions.
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How do China's investments in clean energy impact its global economic influence?
What are the potential implications of the US's Inflation Reduction Act and the UK's EV sales on the clean energy market?
What strategies can countries employ to achieve the necessary investment doubling by 2030 for net-zero emissions?
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