China's dominant solar industry faces turmoil that Gulf war cannot resolve
By
@tedichasse.bsky.social
5d ago· 1 min readenNews
65/100
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Summary
Despite China dominating global solar panel production (over 80% of the world's supply) and renewable energy surpassing coal globally last year, China's solar industry is facing significant turmoil. The ongoing Gulf war (America's war on Iran) is roiling energy markets, but contrary to expectations, it will not be enough to stabilize or rescue China's struggling solar sector.
Key quotes
· 4 pulledYet China's solar industry, though world-beating, is in turmoil.
The country makes over 80% of the world's solar panels, churning them out in vast quantities.
Thanks to such efforts, renewable sources generated more electricity than coal last year around the world.
And the war will not be enough to steady it.
The Gulf war won’t save it
