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February 29, 2012

Energy Trade Rules (with China) Matter

Sen. Ron Wyden, Huffington Post

Right now, the Obama administration and the International Trade Commission (ITC) are in the process of investigating complaints alleging that China is violating global trading rules to give their domestic solar-and wind-energy industries an advantage on the world market.

The contention is that the Chinese government -- recognizing the growing global demand for renewable energy products -- has been giving its solar and wind energy producers enough money to price Chinese solar panels and wind turbines less than the rest of the world's solar panels and wind turbines. Their goal is to get the world's customers to stop buying the rest of the world's products and start buying from the Chinese.

The Chinese Government has made no secret of its desire to become the world's leading...

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Related Topics: China

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