Reva Goujon joined Bloomberg's David Ingles and Avril Hong to discuss our latest report on why policymakers need to broaden their lens to the full stack when it comes to AI competition with China:

Watch Rhodium: China Leads US in Key Tech Stack Areas - Bloomberg

A Rhodium Group analysis shows China leads the US and other G7 nations in several key areas of AI development, despite lagging behind in chips. Reva Goujon, a director at the group and co-author of th...

bloomberg.com

Since the Advanced Manufacturing Production Credit (45X) was enacted, the US has seen billions of dollars in investment across its clean energy manufacturing base. But for all its success, the credit is limited in scope, omitting technologies that have become increasingly important.

Policymakers in the AI space have been narrowly focused on the most visible parts of the system: chips, cloud, and models. But to craft a durable AI strategy, policymakers need to reconcile industrial capacity, geopolitical realities, and rapid evolution of the technology.

We project that a historic influx of renewables comes online between now and 2030, in response to surging electricity demand and in time to claim federal tax credits before they expire. 48-50 GW of solar, wind, and storage are deployed on average through 2030, in line with 2025's record of 50 GW.

India has seen some success in sectors it targeted for export growth, like smartphones and solar panels. Its Production-Linked Incentive program provided funds that helped companies break ground on capital-intensive projects.

When the US-China trade war began in 2018, India was widely expected to be a top beneficiary of shifting supply chains. But it has lagged well behind Vietnam and Mexico in capturing manufacturing value added and absorbing China's declining share of US imports.

Can India finally realize its manufacturing ambitions? New trade deals and other countries’ rising barriers to Chinese goods offer India an opportunity to capture global export share, even as its manufacturing ecosystem remains less competitive.

Can India Finally Realize Its Manufacturing Ambitions?

Trade deals with the EU and potentially the US, alongside other countries’ rising barriers to Chinese goods, offer India an opportunity to capture global export share, even as its manufacturing ecosys...

rhg.com

In our new Taking Stock 2026, our annually updated projections for the US energy system and greenhouse gas emissions under all current and federal state policy, we find that the US is on track to reduce emissions by 27-41% below 2005 levels in 2040.

In just a few years, Chinese OEMs have gone from zero to almost 30% market share in Thailand, and a whopping 90% of EV sales. The question now is how much more market share Chinese OEMs can gain in the country.

How Chinese Cars Took Over Thailand

In just a few years, Chinese OEMs have gone from zero to almost 30% market share, and a whopping 90% of EV sales. The question now is how much more market share Chinese OEMs can gain in the country.

rhg.com

In Q2 2026, actual investment in US clean tech manufacturing increased 4% quarter-on-quarter to $8 billion, breaking a six-quarter streak of consecutive declines. Investment remained 24% below Q2 2025 levels.

In new analysis, we assess which options for powering data centers genuinely accelerate the energy transition, which undermine progress, and which merely participate in trends that are taking place anyway, using the just launched Transition Acceleration Framework: rhg.com/research/dat...

Today we're launching the Transition Acceleration Framework, developed in partnership with Generate Capital and CalSTRS, for evaluating where climate investment, policy, and procurement will most accelerate decarbonization, beyond the trajectory the world is already on. Covers 100+ techs globally

Global clean technology manufacturing investment has moderated after a decade of extraordinary growth. China and the US were both the primary drivers of that rise and the subsequent pullback—though the nature of each country’s decline differs significantly. rhg.com/research/us-...

In both metals and agriculture, disruptions to sulfuric acid supply spread through global trade networks and ultimately feed back into China’s own cost structures. Over the longer term, the constraints China is now facing are likely to intensify.

Resource Nationalism and Inflation

As China and other countries engage in new forms of resource nationalism—attempting to control key industrial inputs at home—the results are strained global supply chains and new constraints on China’...

rhg.com

India has seen a massive solar manufacturing build-out, putting it third behind China and the US in current and planned solar cell and module capacity globally. Quarterly investment has recently started falling, however, due to mounting US tariffs and domestic overcapacity. rhg.com/research/sol...

New: We dig into how the global solar manufacturing landscape is responding to US tariffs and overcapacity—with a focus on India and Southeast Asia, where investment has fallen markedly in recent quarters. rhg.com/research/sol...

Investment in clean steel to date has been concentrated in Europe, where mature capital markets and supportive government policy have driven early-stage development. However, other regions may hold stronger resource advantages and a clearer path to cost competitiveness. rhg.com/research/glo...

Forging a Global Clean Steel Economy: Leveraging Trade to Reduce the Green Premium

In steel production, fossil fuels are consumed primarily in the initial ironmaking step. We examine the major cost drivers of clean iron production and assess which countries are best positioned to pr...

rhg.com

Some expansive accountings of Chinese FDI in clean tech have tallied nearly $400 billion in investment. In reality though, the footprint of Chinese companies along the supply chains of clean tech is much smaller, with completed FDI likely in the range of $85 billion.

As China and other countries engage in new forms of resource nationalism—attempting to control key industrial inputs at home—the results are strained global supply chains and new constraints on China’s growth.

Resource Nationalism and Inflation

As China and other countries engage in new forms of resource nationalism—attempting to control key industrial inputs at home—the results are strained global supply chains and new constraints on China’...

rhg.com

Chinese overseas clean tech investment is growing but not as large as some headlines suggest, according to new data on FDI by Chinese companies abroad across the EV, solar PV, and wind turbine value chains.

While SAF production has risen in the past few years, it contributed less than 1% of global jet fuel consumption in 2025. The full pipeline of announced production facilities globally could deliver 19 million tons by 2030, but delays and cancellations have been endemic rhg.com/research/see...

Seeking Alternatives: How Fast Can Sustainable Aviation Fuel Scale?

The war in the Middle East has disrupted jet fuel, which has seen prices more than double since January. The crisis has intensified calls to build long-term resilience for jet fuel supplies by acceler...

rhg.com

China's policymakers use a tiered program for innovative small and medium companies to enable their industrial upgrading. In recent years, we can see an increased focus on the services industry, as more research and tech services companies are designated in the program.

New reforms to China's hukou system will certainly benefit migrant workers by giving them access to more social services where they live and work. But without other changes, it may not reduce cautionary savings and boost consumption significantly.

How Can China Boost Consumption?

China’s investment-led growth model has reached its limits and household consumption will be the key driver of China’s long-term economic trajectory. Beijing has reform options available, though they ...

rhg.com

Recent electricity price increases in the US are driven by multiple, intersecting factors that vary substantially regionally and by individual utility. We've assessed the drivers of electricity prices and how they're likely to evolve in the next few years. rhg.com/research/us-...

Caught in the Current: Historical and Prospective Drivers of Changes in US Electricity Prices

Recent electricity price increases in the US are driven by multiple, intersecting factors that vary substantially regionally and by individual utility.

rhg.com

In Q1 2026, investment in US EV supply chain manufacturing declined again, falling 10% from Q4 2025, and 36% relative to Q1 2025. Battery manufacturing investment experienced the steepest decline, falling 16% relative to Q4 2025 and 47% from Q1 2025. www.cleaninvestmentmonitor.org/reports/us-q...

Starting soon: Rhodium Group staff will join other experts to discuss our recent modeling of state-level policies to accelerate next-gen geothermal in this webinar hosted by @rockymtninst.bsky.social rmi.org/event/webina...

Webinar—Next-Generation Geothermal: The Regional Economic Opportunity - RMI

In this virtual briefing, experts from RMI, Rhodium Group, and the Utah Governor’s Office of Economic Opportunity will discuss recent developments in next-generation geothermal; the opportunity to bui...

rmi.org

New: US clean energy and transportation investment fell in Q1, marking the second quarter in a row with a year-over-year decline, following an unbroken year-on-year growth trend that had held since 2019. www.cleaninvestmentmonitor.org/reports/us-q...

China dominates manufacturing of intermediate goods that use critical materials as inputs, creating an additional layer of chokepoints, which Beijing is targeting in most recent export controls—including outside of China. Read more in our latest note:

Critical Mineral Chokepoints Extend Far Beyond Mining and Refining

China dominates manufacturing of intermediate goods that use critical materials as inputs, creating an additional layer of chokepoints, which Beijing is targeting in most recent export controls—includ...

rhg.com

Global clean technology manufacturing investment has moderated after a decade of extraordinary growth. China and the US were both the primary drivers of that rise and the subsequent pullback—though the nature of each country’s decline differs significantly.

📉 Why is global clean-tech manufacturing investment slowing? 🔍 Analysis by Benjamin Bjerkan-Wade, Hannah Hess, @mariejuge.bsky.social, @keliauskaite.bsky.social, Kate Larsen, @bmcwilliams.bsky.social, Hannah Pitt and @tagliapietra.bsky.social 💡 With @rhg.com 🔗 buff.ly/Dtfpowp #EconSky

Understanding the global clean tech manufacturing slowdown

Improving economic policy

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