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China's cost to produce solar panels has plummeted 42% in the last year, according to a report published on Thursday, giving manufacturers there an enormous advantage over rivals in places like the United States and Europe.The dramatic decline comes as the world's largest solar panel producer has ratcheted up production capacity this year while the United States is incentivizing its own small industry to take on China. U.S. producers are concerned the wave of new factories could make their own uneconomical.China accounts for 80% of the world's solar manufacturing capacity, according to the analysis by energy research firm Wood Mackenzie shared with Reuters. In a separate analysis last month, Wood Mackenzie said China was expected to dominate the global solar supply chain for much of the next decade.China's panel production cost has dropped to 15 cents per watt this year, more than 60% below the U.S. price of 40 cents per watt, according to the report. A year ago, Chinese panels cost 26 cents per watt.Europe's production cost stands at 30 cents per watt, while India's is 22 cents per watt, according to Wood Mackenzie.
Germany has launched an 11th-hour bid to avert a full-scale trade war between Europe and China, resisting French calls to hit Chinese electric vehicles with punitive duties.The EU now charges a 10 percent tariff on all car imports — below China’s 15 percent. Realizing that it won’t be able to avert the tariffs, Germany is now pushing to keep them as low as possible, ideally on a reciprocal level that China also imposes on the EU — meaning 15 percent.“Something around 20-30 percent would give European manufacturers some breathing space to accelerate their investments in the sector and maintain their market share in Europe,” Elvire Fabry, senior research fellow at the Jacques Delors Institute in Paris, said.Yet even the highest rumored duty — 25 percent — would not be enough to deter Chinese brands thanks to their huge cost and technology advantages. Chinese EV sales into Europe grew by 23 percent, to nearly 120,000 units, in the first four months of this year.“They can lower their prices and continue to be competitive. We’ve seen that happen in France already,” Matthias Schmidt, a European auto analyst, said.
@ISIDEWITH submitted…4hrs4H
U.S. and European governments are trying to induce an energy transition by building or expanding organizations and programs favoring particular “clean” technologies, including wind and solar generation, carbon capture, hydrogen production and vehicle electrification. In Europe, consumers are rebelling against measures to reduce emissions (fiascoes of home heating requirements had electoral consequences in the U.K., Germany, and the Netherlands), and industry is decamping in search of cheaper energy.Despite generous subsidies, U.S. deployment of low-emission technologies can’t meet near-term goals, let alone the projected surge in electricity demand owing to data centers, artificial intelligence and electric vehicles."Green” investments aren’t yielding competitive financial returns, and the annual cost of a 30-year decarbonization effort, estimated to be upward of 5% of the global economy, weighs on national budgets. Simultaneously, the scientific rationale for the transition is weakening as expectations of future warming are moderating.The energy transition’s purported climate benefits are distant, vague and uncertain while the costs and disruption of rapid decarbonization are immediate and substantial. The world has many more urgent needs, including the provision of reliable and affordable energy to all.We should welcome, not bemoan, the energy transition’s passage through the issue-attention cycle. It means that today’s ineffective, inefficient, and ill-considered climate-mitigation strategies will be abandoned, making room for a more thoughtful and informed approach to responsibly providing for the world’s energy needs.
Six Russian nationals suspected to have terror ties to ISIS have been arrested in a coordinated sting operation spanning Los Angeles, New York and Philadelphia, The Post can exclusively reveal.Two ICE sources confirmed to The Post they arrested the six people, who hail from Tajikistan, over the last week after the FBI contacted the agency to warn it.Part of the investigation featured a wiretap which revealed one of the now-arrested individuals was talking about bombs, the sources said.“Remember the Boston marathon [bombing]? I’m afraid something like that might happen again or worse,” one of the sources told The Post.The target who was subject to the wiretap was previously released by federal authorities at the southern border with a court date next year, but it has since emerged he has potential ties to ISIS, sources said.In a joint statement, the Department of Homeland Security and FBI told The Post: “Over the last few days, ICE agents arrested several non-citizens pursuant to immigration authorities.“The actions were carried out in close coordination with the FBI’s Joint Terrorism Task Forces. The individuals arrested are detained in ICE custody pending removal proceedings … The FBI and DHS will continue working around the clock with our partners to identify, investigate, and disrupt potential threats to national security. ”The arrests come after warnings from FBI Director Chris Wray about possible ISIS terror plots being staged on US soil and the group’s potential for exploiting the southern border.In April, Wray warned lawmakers that a possible “coordinated attack” could take place in the US following an ISIS-K attack on a concert hall in Moscow — carried out by citizens of Tajikistan — that killed 145 people and wounded hundreds more.
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