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Solar powered geopolitics

June 14, 2013

Caroline Freund of the Peterson Institute makes some glaring errors in this piece – when you take into account unconventional resources, oil is not really in short supply; the US gets most of its oil from North American allies, not foreign despots; and solar has not really achieved grid parity – eliminate all subsidies for all types of energy (including coal, gas and oil as well as solar)  and fossil fuels are still much cheaper than solar for generating electricity.  Nonetheless, it is a good introduction to the politics behind the trade war between US, the EU and China over the latter’s attempt to dominate the solar panel market with cheap, subsidized products, and the West’s response of raising tariffs (and, in the event, the cost of solar power).

Chinese solar panels

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