The West's Clean Energy Push: Too Little Too Late?

To combat China’s dominance of global clean energy supply chains, Western countries are trying to build up their manufacturing capacity to ensure reliable and affordable supply. These efforts might be too little too late, however, as Rystad Energy research shows that this expansion will cost up to $700 billion and will not make a meaningful impact until the next decade at the earliest.

Our research covers the spending needed to build domestic supply chains for material mining, processing, refining and manufacturing for solar, wind and batteries…