The article focuses on China-renewables vs US/Trump-oil. I see renewables as being driven by most non oil producers for reasons of energy independence and national security. Major petro-states are moving to renewables. The cost advantages are very clear. The higher the cost of oil the faster more countries will move to renewables for national security reasons and drive oil demand downward. Renewables are the winners longer term. We are just arguing about the path and timeframe.
Source: Simpleximo
1 Comment
China is going to lead the world to renewable energy not because of warming or even clean air which they did like. It is security driven so cost is not an issue. They covered the need to be energy independent in their long term plan. They want to be unaffected by any potential energy blockade. Plus in pursuit of that they realized it’s cleaner, cheaper and they can be the global leader. It’s a no brainer for them.