This podcast episode explores the concerns raised by the European Union about China's subsidies in the clean energy sector and their impact on fair competition. The EU is worried that China is using these subsidies to gain access to European technology while closing its markets to foreign businesses. The speakers highlight the European Commission's response, including the introduction of the foreign subsidies regulation to investigate potential subsidies and ensure a level playing field. They also discuss the complex interplay between short-term gains and long-term consequences in economic decisions, emphasizing the need for fair competition and international cooperation in addressing climate change. The episode concludes with a discussion on the lessons the U.S. can learn from Europe's approach to building a low-carbon economy.
