According to Reuters, the fact that China is producing cheap solar panels that are helping the world transition from fossil fuels is bad actually.
U.S. Treasury Secretary Janet Yellen, set to visit China this week, plans to warn Beijing of the harm done by subsidies for clean energy products including solar panels that she says are flooding global markets and pose a threat to U.S. firms, workers and the global economy.
They r just salty 'cause they can’t get a piece of the cake as always. If they really were preocupied for the transition to solar they would be happy as people is using them even as fences, contributing to help our already strugling electric systems.
And before someone comes saying “iTs b3cAusE sUbSidiEs bAd”, ok, let’s avoid the tangent and keep it to the current topic; if they r so bad why they keep giving them to Tesla? Especially when said company not only hasn’t generated any profit, tell me, why its ok for teslo to have subsidies but no for chinese EV manufactures? And why go as far to directly ban them?
And don’t come to tell me that bs about security, it that was the concern they wouldn’t even let apple produce their phones over there.
Don’t let the suits fool u.
At the risk of another ban ‘with some module-only manufacturers taking orders at negative margins to preserve market share’
Cheap solar is good, government subsidized monopolies are not.
State industry is very good actually.
It is, as China repeatedly keeps showing.
…and pretty much every single developed country in the world that have gotten there through state investment and subsidies.
What’s wrong with state funding of green energy? Not only that, but helping the rest of the world to become less reliant on fossil fuels?
You mean…
Tesla? No, sorry, must have been Ford/GM.
Oh, my bad, Intel.
TSMC?
No? Oh. So it’s only other governments subsidizing domestic businesses that’s bad.
Subsidized monopolies are the dominant form of monopoly and oligopoly in the USA and Europe. Go look up how many billions in subsidies the USA provides to industries with only 3 dominant players, from fossil fuels to cars to phone companies to internet companies to cable companies to publishers to food conglomerates.
