Oh no! Not investing in clean energy! Everyone else has been sitting on their ass while China actually tries to do something and that’s seen as a bad thing?
China is under no obligation to invest in clean energy: as a developing nation, the costs of climate change are going to be offset by the benefits of electrification and industralization pulling people out of poverty. The opposite is true in developed countries: it’s increasingly difficult to improve the lives of people in developed countries, so the marginal benefit of more fossil fuels consumption is offset by the costs of climate change. Given that that’s true, what the fuck is the developed Western world doing?
The article doesn’t say it’s bad that China has invested in it, just that the near-monopoly is risky for the rest of the world. The obvious conclusion is that we need more investment elsewhere, not less in China
The result of this (as we see in Europe) is that Europe would rather block Chinese EVs than properly invest in domestic EV production. What makes you think it’ll be different here?
Oh no! Not investing in clean energy! Everyone else has been sitting on their ass while China actually tries to do something and that’s seen as a bad thing?
China is under no obligation to invest in clean energy: as a developing nation, the costs of climate change are going to be offset by the benefits of electrification and industralization pulling people out of poverty. The opposite is true in developed countries: it’s increasingly difficult to improve the lives of people in developed countries, so the marginal benefit of more fossil fuels consumption is offset by the costs of climate change. Given that that’s true, what the fuck is the developed Western world doing?
The article doesn’t say it’s bad that China has invested in it, just that the near-monopoly is risky for the rest of the world. The obvious conclusion is that we need more investment elsewhere, not less in China
The result of this (as we see in Europe) is that Europe would rather block Chinese EVs than properly invest in domestic EV production. What makes you think it’ll be different here?