West’s growing cleantech is denting Chinese dominance over green energy

of the new American green subsidy regime makes that all too clear. Yet, in many ways, this story is ultimately about China.

A virtuous circle followed: climate policy increased demand for green technologies, which reduced costs, which allowed policy to be tightened, which stimulated demand and innovation further.There were two problems, however. First, much of the economic benefit went to China. From 2010 onwards, China rapidly became the world’s primary supplier of wind and solar technology, along with underpinning minerals like lithium, cobalt and rare earths.

Second, climate policy began to create political opposition. As emissions targets tightened, countries started to see the costs reflected in consumer prices.

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