SINO-AMERICAN DIPLOMATIC AND TRADE STRESSES IMPEDE GROWTH IN GREEN POWER – BUT MARKETS STILL DRIVE EXPANSION
June 12th, 2023
China has developed such a robust renewable energy sector that it can withstand the impact of potential decoupling from US markets and suppliers, say experts as Sino-American relations sour. But good relations and cooperation would strengthen both sides’ shift to clean power.
The Chinese government’s decision to back renewable power through its 2005 Renewable Energy Law, backed by significant stimulus during and after the global financial crisis in 2008, has especially developed a vast domestic market and production for solar and wind power equipment.
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