Written by GWPF International on Sep 22, 2021. Posted in Latest news
China To Sell World Its Wind And Solar Projects Made By Cheap Coal
President Xi Jinping told the UN on Tuesday that China will sell nations around the world its cheap wind and solar technology produced with cheap slave labor and cheap coal power, ending support for building coal-fired power plants abroad.
China’s cheap energy strategy will kill three birds with one stone:
By building up its coal-powered economy, it can continue to produce and export renewables much cheaper than most OECD nations. China will thus cement its role as the world’s foremost producer and exporter of renewable energy.
By ending support for building coal-fired power plants abroad, it reduces the pressure on coal demand, improving China’s domestic coal market which is currently struggling with high coal prices.
By announcing this move, China is playing the green card in the run-up to COP26 in order to reduce Western pressure and kick the ball back into Joe Biden’s court.
https://climatechangedispatch.com/china-to-sell-world-its-wind-and-solar-projects-made-by-cheap-coal/
