China's dominant solar industry faces turmoil despite global energy market disruptions
By
The Economist
Sat on the counter overnight. Well past its best.
Summary
China dominates global solar panel production (over 80% market share) and renewable energy recently surpassed coal in global electricity generation. However, despite these achievements and potential benefits from energy market disruptions caused by America's war on Iran, China's solar industry is facing significant turmoil that the geopolitical situation hasn't been able to resolve.
Key quotes
· 4 pulledChina 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.
Yet China's solar industry, though world-beating, is in trouble.
And the boost from the war has not been enough to steady it.
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