Headwinds Mount for Green Energy as Costs Rise and Support Wanes

Falling costs and supportive policies previously boosted green energy investment, but headwinds like supply chain issues and higher interest rates are now increasing costs.
Wind and solar power costs dropped substantially over the past decade, making them more viable. Low interest rates also encouraged investment.
However, costs are now rising due to factors like higher steel and battery prices. Rising rates also make financing projects more expensive.
China's dominance of parts of the supply chain, like solar panels and rare earths, raises concerns about over-reliance.
Higher green energy costs may dampen public support and lead some politicians to pull back on commitments, as evidenced by the UK's delayed combustion engine phase-out.

Falling costs and supportive policies previously boosted green energy investment, but headwinds like supply chain issues and higher interest rates are now increasing costs.
Wind and solar power costs dropped substantially over the past decade, making them more viable. Low interest rates also encouraged investment.
However, costs are now rising due to factors like higher steel and battery prices. Rising rates also make financing projects more expensive.
China's dominance of parts of the supply chain, like solar panels and rare earths, raises concerns about over-reliance.
Higher green energy costs may dampen public support and lead some politicians to pull back on commitments, as evidenced by the UK's delayed combustion engine phase-out.