In 2025, global clean tech manufacturing investment fell 42% from its 2023 peak—driven mainly by China and the US. (Semafor)
Between the lines: China’s nearly 70% decline is likely just an oversupply correction after years of heavy state support. As for the US decline? It’s a more concerning omen. This fall arrives before the domestic factory and market buildout (which are now threatened by federal policy whiplash).