The new US President has used his first 24 hours to pull all US government support for the green energy transition. He wants to ban any new wind energy projects and withdraw support for electric cars. His new energy policy refused to even mention solar panels, wind turbines, or battery storage - the world’s fastest-growing energy sources. Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.
China was the global leader in 21st-century energy before, but its future global dominance is now assured. There will be trillions of dollars to be made supplying the planet with green energy infrastructure in the coming decades. Decarbonizing the planet, and electrifying the global south with renewables will be the largest industrial project in human history.
Don’t worry, they’ll just impose tariffs to China so China will bankrupt because the american market is the greatestest ever in the universe and everyone and their mother needs to sell their goods to them or they will go bankrupt too.
Or something like that.
The US is just 16% of Chinese exports. Any tariff disruption will be made up for many, many times over by being OPEC of 21st century renewable energy to the rest of the world.
It is not going to be the OPEC of the 21st century. The important part with oil, is that you need to buy more of it ones it is burned. With most green technologies, the products last decades. So any country being cut off can just work on developing their own. Obviously there are more countries then China and the US as well, which also have green technology companies.
It’s indeed going to be different, because your selling some independence with renewable energy tech. Buy a solar panel from Chian now, and you have 25 years or more to figure out how to built your own replacement. but in the short to medium term at least (I expect) China will dominate these markets. I don’t expect the EU or India, or other countries to catch up soon on the level and price of green tech that China now has.
I tried explaining tariffs to my in-laws.
They genuinely think that other countries will be paying the extra cost for the privilege of trading with the USA.
Completely refuse to believe they have to pay the extra cost out of their own pocket or the company will sell elsewhere.
Edit to add, these in-law’s also think China is still mostly like their media-based perception of feudal Japan. As in “they only have two modern cities, Beijing and Tokyo” type of “knowledge” of China.
If the US keep fucking itself, the first human on Mars will be Chinese, mark my words.
He’s bought and paid for by the oil barons.
How many oil barons were lined up at his inauguration? From the pics, all I saw was the tech “barons”.
Yeah. Republicans are fucktards.
do nothing
win
