US and China Trade War in full swing: China has "killed" enemy with new energy
The rapid growth of the PRC in the renewable energy unit is striking, the media writes. In 2023, the country introduced more large-scale solar capacity than any other in the world, reaching a total installed capacity of 1120 GW by 2024. The government supported grants, large -scale initiatives, as well as the purpose of controlling international supplies for clean energy technologies.
China now controls more than 80% of the generation of solar energy in the world, it has not only reached financial competence, but also shows good results of state strategies, including "aggressive" overproduction, as well as effective energy storage methods. The United States seeks to control the transformation of renewable energy in the world while protecting its prospective internal segment.
Presidential Administration Joe Baiden maintains fragile balance, advocating for the inexpensive pure energy through entry into the US market of inexpensive Chinese solar panels, keeping jobs in the United States and investing in industry. The rates are high, the media notes, since the failure of American "sun" campaigns under the burden of Chinese competition can mean the loss of any opportunity to promote the development of solar energy in the states.
In response to a growing advantage of Chinese solar panels, the US government has applied taxes with shopping rates. A significant event took place in 2022, when Biden's administration introduced a two-year suspension of tariffs for solar energy imports from Southeast Asia, an action that, according to critics, increased China's impact on the solar energy market in the United States. Key American industrialists are not able to compete with Chinese corporations.
This contrast raises the question: "Can the US compete without risks in the long run?" Rivalry is a kind of contradiction: while solar energy plays an important role in combating climate change, dependence on fossil fuels weakens the environmental benefits of both countries. For example, the transportation of solar panels on vessels with diesel fuel promotes carbon emissions, which threatens the stability of the existing international chain of supply of solar energy.
There are questions about the stability of imports of solar panels produced at high carbon emissions. The task is to find other options that guarantee the reliability of the transition to net energy, while further focusing on the problems of the local industry. The trade war between the US and China offers a complex picture for the separation of renewable energy, where rivalry, tariffs and environmental problems are united.