Arms race: defence versus decarbonization?

Does defence displace decarbonization as the developed worldโ€™s #1 policy goal through 2030, re-allocating $1trn pa of funds? Perhaps, but this 10-page note also finds a surprisingly large overlap between the two themes. European capital goods re-accelerate most? Some clean-tech does risk deprioritization?

Copyright: Thunder Said Energy, 2019-2024.