Oh the irony, the irony!
CNN Business: The Iran war has the world buying more clean energy. China stands to benefit the most.
The war in Iran has sent oil-starved countries scrambling for fuel. Many are opting for energy alternatives — and turning to the renewables king of the planet: China.
Chinese exports of solar technology, batteries and electric vehicles all reached record highs in March, according to energy think tank Ember, a sign that the historic oil supply shock is accelerating the adoption of clean energy around the world.
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As countries invest more in renewable energy, China stands to benefit as the world’s largest manufacturer of electric vehicles, wind turbines and solar panels.
A Thursday report from Ember said China exported 68 gigawatts of solar technology in March, surpassing the previous record set in August by 50%. Fifty countries set new records for Chinese solar imports, with the most significant growth coming from emerging markets in Asia and Africa hit hardest by the energy crisis, according to the think tank.
Ironic that Trump has been the driver of this! And American car companies, cornerstone employers, are very poorly prepared to compete with China when this passes due to Trump’s interference in the American truck and automobile market.