How China and a tariffs row cast a shadow over booming US solar power
The source of new renewable energy is also a battleground over China’s cheap exports of panels that has split US firmsThe Biden administration touts solar energy as one of its big success stories, a booming new industry that is curbing the effects of the climate crisis and creating high-paying jobs across the country. But the more complicated truth is that the United States is mired in a long-running trade war with China, which is flooding the market with artificially cheap solar panels that carry an uncomfortably large carbon footprint and threaten to obliterate the domestic industry.The price of solar panels has plummeted 50% over the past year, largely, industry insiders say, because of deliberate Chinese overproduction of key components and a game of international cat-and-mouse over trade rules often likened to a game of “Whac-A-Mole”. As different sets of rules get established, Chinese companies have proved adept at moving their manufacturing plants to other countries, in south-ea
The source of new renewable energy is also a battleground over China’s cheap exports of panels that has split US firms
The Biden administration touts solar energy as one of its big success stories, a booming new industry that is curbing the effects of the climate crisis and creating high-paying jobs across the country. But the more complicated truth is that the United States is mired in a long-running trade war with China, which is flooding the market with artificially cheap solar panels that carry an uncomfortably large carbon footprint and threaten to obliterate the domestic industry.
The price of solar panels has plummeted 50% over the past year, largely, industry insiders say, because of deliberate Chinese overproduction of key components and a game of international cat-and-mouse over trade rules often likened to a game of “Whac-A-Mole”. As different sets of rules get established, Chinese companies have proved adept at moving their manufacturing plants to other countries, in south-east Asia, and shifting strategies to work around US tariffs and other deterrent measures.
This article was amended on 10 September 2014. An earlier version incorrectly stated that this year’s RE+ conference took place in Las Vegas, Nevada. Continue reading...
