US may miss out on green tech boom: Germany

US may miss out on green tech boom: Germany

Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- adding it was up to the United States if it decided to miss out.

While the Old Continent relies heavily on the ecological transition, Washington seems hesitant to seize this unprecedented economic opportunity. The market for environmentally-friendly innovations is expanding dramatically worldwide. This trend offers considerable economic prospects that Europe intends to exploit fully, unlike the United States, which is at risk of changing to [...] Read more L-Europe in pole position in the green technology rac…

Berlin - Europe must seize the "huge economic opportunities" offered by the rise of green technologies, said German Chancellor Olaf Scholz on Wednesday 26 March, adding that it was up to the United States to decide whether to take advantage of them or not.

UN Executive Secretary for Climate Change Simon Stiell said in Berlin that "the transition to clean energy can be Europe's economic engine, now and in the decades to come." Stiell, who participated in Petersberg's Climate Dialogue, added that Europe has technology and resources and "what is needed now is leadership." "When a government withdraws from climate leadership, it leaves room for others to step forward and take advantage of the enormous…