US leads the way in Climate-tech funding, as China falls behind

Quick Summary:

US importance in the sector will come as no surprise to those following the climate-tech ecosystem closely, given the outsized role US climate policy has had on investment, particularly the Inflation Reduction Act.

Over $50 bps rate cut to cause panic; gold may surge to $3,000: Santosh RaoStock market update: Nifty Bank index falls 0.63% in a weak marketRupee falls 7 paise to 83.

Today, “the US is seen as a favorable market for climate tech, given the IRA,” while China is lagging behind due to overcapacity issues, said BNEF analyst Musfika Mishi in an interview.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaAustraliaCanadaChina

Topics: Us climate-tech funding Climate-tech Carbon capture China Inflation reduction act

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 10:12:51 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22189420

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