The United States cannot depend on allies to meet climate goals, warns Mitsub...

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The Biden administration's plan to rely on domestic manufacturing and supplies from allied nations like Japan is "probably not enough" to meet US climate goals, a senior Mitsubishi Heavy Industries executive has warned. Takajiro Ishikawa, chief executive of MHI America, the U.S. arm of one of Japan's largest conglomerates, warned that it would be "difficult" for the U.S. to secure the pieces needed for a clean energy boom sparked by the Energy Reduction Act. Inflation (IRA) of President Joe Biden. . “Onshoring, friendhoring, that alone is probably not enough,” Ishikawa said, referring to the administration's strategy of reorienting supply chains toward allies. Asked whether the US would still need cleantech imports from China this decade, he said: “I don't want to answer that directly.

I think the United States needs all sources of supply to meet its objectives.” “I think it is difficult for the United States to build and produce everything it needs domestically,” Ishikawa said, adding that the United Russia Mobile Number List States faced a “chronic shortage” of workers. The comments from Mitsubishi's US boss come as the Biden administration embarks on a mission to compete with China in a clean energy arms race while cutting US greenhouse gas emissions in half and rejuvenates its industrial heart. Ishikawa's comments also echoed alarm among executives in other sectors over the U.S. decision to replace established manufacturing supply chains. On Monday, the CEO of US arms maker Raytheon told the FT that “decoupling” Chinese supply chains would be “impossible.



You are viewing a snapshot of an interactive chart. This is most likely because you are offline or JavaScript is disabled in your browser. Last week, the Brookings Institution think tank warned that clean energy should not become the “next victim” in a deepening geopolitical rivalry between the US and China, adding that collaboration between the two largest economies large was “vital” to combat the climate crisis. The IRA, passed last summer, provides $369 billion in subsidies for clean technology manufacturing and deployment and has sparked a rush of investment into the U.S. Some of the tax breaks depend on manufacturing being done in the country or without obtaining materials from “foreign entities of interest,” such as China.