Global clean energy research and data provider Bloomberg New Energy Finance takes a fresh look at U.S.-China clean energy trade, technology, and policy relationships and finds them inextricably interwoven in its latest Research Note: “Joined at the Hip: The U.S.-China clean energy relationship.“ Bloomberg New Energy Finance finds there to be little zerosum competition between the two nations and, in fact, the two countries will need to cooperate in many ways in order to meet their respective carbon reduction goals.
“It is easy to paint clean energy trade between the U.S. and China in terms of winners and losers, but the relationship defies simplistic assumptions,“ said Michael Liebreich, Chief Executive of Bloomberg New Energy Finance. “For instance, while China has made significant inroads into the U.S. photovoltaic market, Chinese modules are often manufactured using machines designed by U.S. firms. Similarly, U.S.-made wind turbines almost always contain parts sourced from China. The two nations may be in competition, but the big win for both of them would be to drive the cost of a clean power generation below the cost of fossil fuels.“
Further Information: Bloomberg New Energy Finance (www.newenergyfinance.com)
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