💡 Former Morgan Stanley chief economist Stephen Roach just dropped a truth bomb on the climate debate—and it’s all about green tech production. In a fiery Bloomberg interview, he shut down claims of 'overcapacity' in China’s renewable energy sector, saying: 'We need all the capacity we can get to move away from carbon.' 🔥
🌱 Roach argues that China’s massive investments in solar panels, EVs, and wind turbines are critical for global climate goals. Meanwhile, he called out the U.S. for lagging behind: 'The U.S. should be ashamed of lacking the capacity for producing green technology goods.' Ouch. 🇺🇸
⚡ Why it matters: With global carbon deadlines looming, this isn’t just a trade spat—it’s a race to save the planet. Roach’s take? Prioritize collaboration over competition. 🌍 'This isn’t the time for finger-pointing,' he warned.
