The US is free to give its own industry similar subsidies as China. Then both can flood the global market with cheap green energy products. There are lots of countries besides the US, who would love to buy a lot of cheap green energy products to reduce emissions and in many cases have green growth, if that is even possible. Countries like Ethiopia banning combustion engine car imports would be impossible without Chinas overproduction.
One of the main things propping up “the economy” is record breaking amounts of American fossil fuels production…
Green energy takes that away and hurts the fossil fuel industry, which makes a lot of political donations.
And before anyone tries to bring up the 2022 climate bill, they should read up on what it actually does:
The fossil fuel industry’s ambitions are now directly linked to wind and solar development: The bill prohibits leasing of federal lands and waters for renewable energy unless the government has offered at least 2 million acres (810,000 hectares) of public land and 60 million acres (24 million hectares) in federal waters for oil and gas leasing during the prior year. The law does not require leases to be sold, only offered for sale.
Don’t just read the title of a bill/order and think it honestly represents what’s in the bill, it used to only be republicans that fell for that stuff
In practice, it’s meant record low amounts of leasing:
I clicked the link, and understand why you wouldn’t want to show the link.
But I’m not sure it means what you think…
Biden may be leasing less land to fossil fuels, but also saying green energy can’t get leases unless a certain amount of land was leased to fossil fuels.
So you coming back and saying Biden isn’t leasing to fossil fuels, means even less leases to green energy… And ignores that it doesn’t do anything to slow down fossil fuels production from the ongoing leases… It also stops two years before the article/blog post was written
I thought my link would have done a better job at explaining than I could. But hopefully that helps.
I think it makes the point that we’re getting record renewables without lots of leases actually being signed, which is what matters here.
I’m expecting to start seeing declines in aggregate worldwide fossil fuel use around 2026 or 2027 as the rate of renewable deployment accelerates.
we’re getting record renewables
I didn’t see that on my first read, went back and searched “record” and didn’t see it either.
Can you quote the part of your link that says that?
It’s elsewhere:
Solar. We expect a record addition of utility-scale solar in 2024 if the scheduled 36.4 GW are added to the grid. This growth would almost double last year’s 18.4 GW increase, which was itself a record for annual utility-scale solar installation in the United States. As the effects of supply chain challenges and trade restrictions ease, solar continues to outpace capacity additions from other generating resources.
Wind. Operators report another 8.2 GW of wind capacity is scheduled to come on line in 2024. Following the record additions of more than 14.0 GW in both 2020 and 2021, wind capacity additions have slowed in the last two years.
Well, that’s just about solar installation, and is predicting installarion not reporting on it…
And clearly not about actual production.
But thanks for the link, I hope I helped you understand it
This is the best summary I could come up with:
The Biden administration is growing increasingly concerned that a glut of heavily subsidized green technology exports from China is distorting global markets and plans to confront Chinese officials about the problem during an upcoming round of economic talks in Beijing.
The tension over industrial policy is flaring as the United States invests heavily in production of solar technology and electric vehicle batteries with funding from the Inflation Reduction Act of 2022, while China pumps money into its factory sector to help stimulate its sluggish economy.
President Biden and Xi Jinping, China’s leader, have sought to stabilize the relationship between the world’s two largest economies, but differences over trade policy, investment restrictions and cyberespionage continue to strain ties.
In her speech in Georgia, Ms. Yellen will compare China’s investments in green energy technology production to what she described as its previous overinvestment in steel and aluminum, saying it created “global spillovers.”
The solar panel company closed its Norcross plant in 2017 in part because cheap imports were flooding the U.S. market; it plans to reopen the factory this spring thanks to the Biden administration’s green energy investments.
China filed a complaint Tuesday with the World Trade Organization arguing that the Biden administration’s electric vehicle subsidy policies are discriminatory.
The original article contains 649 words, the summary contains 207 words. Saved 68%. I’m a bot and I’m open source!
