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China just out subsidized all the competitors, so by removing them from the market, the market will realign and new production will come online.
by Seanambers 4y ago
China just out subsidized all the competitors, so by removing them from the market, the market will realign and new production will come online.
- photochemsyn 4y agoNot if the fossil fuel sector has so much power over the US government that they can squelch renewable competition via control of funding for R&D and spending projects. Anyone who looks into actual DOE R&D budgets since Reagan will see this playing out in practice. China notably has no domestic gas/oil to speak of, and coal has so many obvious drawbacks that they've decided to push money into renewable R&D as part of their long-term strategy.