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Isn't this a good thing when it comes to renewables? If the Chinese state pays for the world to become less dependent on coal that should be good? Solar install
by dx034 9y ago
Isn't this a good thing when it comes to renewables? If the Chinese state pays for the world to become less dependent on coal that should be good? Solar installations are still labour intensive, probably more so than coal plants.
This is one of the very few cases where I don't mind states subsidising. The technology is still well understood by others so that European/US companies could start producing again if China decides to raise prices.
- mc32 9y agoNot really because they cannot sell below cost in perpetuity --that's just a temporary race to the bottom to see who can survive the bloodbath. In the meantime no one is innovating because there is no money to be made and also there is no money to invest by the subsidized companies since they are bleeding money anyway. So the result is innovation gets retarded.