The mechanism has already faced pushback from the EU’s major trading partners including Russia and China, who argue that it undermines the principles of free trade.
China is rapidly expanding its influence in the renewable energy sector, particularly in Latin America, due to heavy investment, control over key supply chains, and strategic trade agreements.
China is set to spend trillions of U.S. dollars to adapt its energy system to growing shares of renewables, and battery storage will be key to integrating the constantly rising clean energy generation into the power systems