President Trump wants protectionist measures against Chinese solar power. That’s going to hurt U.S. firms. - News Summed Up

President Trump wants protectionist measures against Chinese solar power. That’s going to hurt U.S. firms.


The U.S. government — like other governments — is making trade policy on the basis of outdated assumptions about how products are made. Protectionism has consequences for energy policyThe decision comes at a time when the United States is making important advances in solar energy. The cost of utility-scale solar in the United States has fallen to 6 cents per kilowatt hour and the cost of household solar power is also falling rapidly. This makes solar energy increasingly competitive with more traditional fossil-fuel-based sources of power, such as coal and natural gas. In the United States, the low cost of Chinese solar modules directly benefits companies developing and installing solar projects.


Source: Washington Post September 25, 2017 09:00 UTC



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