Overdependence on China and a handful of other countries in the clean technology supply chain is already manifesting in increased prices
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Good morning [%first_name |Dear Reader%],
I was really looking forward to being at the Auto Expo in Delhi last week. But since I couldn’t travel (I had a story deadline; my colleague Lokesh slotted me for 16 January), I looked up every tiny bit of news coming out of the three-day event. Not so much for the automotive zing as for the green-tech insight.
Other than a few banner claims, including from auto parts maker Cummins and the Exponent-Altigreen tie-up, what caught my attention was this subhead from a Business Standard report: “The theme was tech and green, but many saw red”. The article speaks about how this year’s expo shrunk to 700 exhibitors from 1,500 in 2020, and how some marquee auto brands gave it a miss.
There was also another kind of “red” that jolted me last week.
On Thursday morning, the International Energy Agency (IEA) released the massive and eye-opening Energy Technology Perspectives 2023—a 458-page report that had red painted all over its charts.