Sunday, April 10, 2022

CHOOSE YOUR DICTATOR

   Replacing fossil fuels with wind and solar power means replacing reliance on one dictator with another — Chinese president Xi Jinping — because China dominates the global renewable energy market.
   It supplies 85% of the components for wind turbines, builds half of them and manufactures 70% of solar panels.
   It also mines 90% of lithium-ion and 85% of rare earth elements used in wind turbines, solar panels and electric vehicle batteries.
   Using its low labour costs and economies of scale, China — notorious for its long record of industrial espionage, intellectual property theft and spying on political opponents — has been driving its international competitors in green energy out of business, as well as investing in wind and solar power companies abroad.

No comments:

Post a Comment