Saturday, July 27, 2013

Crisis, averted: EU and China manage to avoid a solar-powered trade war « Hot Air

Crisis, averted: EU and China manage to avoid a solar-powered trade war « Hot Air: "The whole saga, of course, is pretty ridiculous, because what the EU and China were really fighting over is their race to see who can out-subsidize the other on the green energy front the fastest. Despite the EU’s accusations, plenty of EU countries have offered all kinds of shameless special treatment to their domestic solar industries, anywhere from direct subsidies and loan guarantees to tax credits and renewable quotas. Neither body has at all managed to build a healthy market; the solar industry still very much lives and dies based on how much government assistance they receive."

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