This sentence explains a lot about the country:
"An additional headwind was the nearing U.S. election. “If [Donald] Trump were to win, investors saw a significant risk that the massive green hydrogen subsidy enacted as part of the Biden Inflation Reduction Act would disappear,” Eremenko wrote."
Scientific innovation is based on the whims of toxic dudes with money, which in turn is based on the whims of a rather small, elite political class.