Solar power’s future could soon be overshadowed

As more households and industries have opted to harness the sun’s energy, a small but definite shadow is nagging at the many manufacturers who have put their faith in solar power’s future.
Prices have fallen dramatically: according to the International Energy Agency, the cost of producing electricity from solar energy dropped 80 per cent over the past decade.
But a mix of international economic rivalries and human rights issues could hamper the onward expansion of solar around the world.
Up till 15 years ago companies in Europe and Japan dominated the solar manufacturing industry.
That has all changed: as with so many manufactured products, China now accounts for the bulk of solar equipment produced globally, with about a 70 per cent share.
China itself is also by far the world’s biggest market for solar: about half of all solar power installed round the globe is in China.
China-based companies have invested heavily in sophisticated manufacturing facilities and in research and development. The country’s dominance of the solar manufacturing sector has caused concern in some countries.
Manufacturers of photovoltaic panels and other solar products in East Asia, the US and Europe have alleged that cheaper, state-subsidised goods from China have hampered development of home-grown solar industries.
The former Trump administration in the US voiced increasingly strident opposition to what it saw as unfair trading practices by China: in early 20…. Read more: https://tinyurl.com/y8n2cf2m
#animal_rehabilitation #animal_sanctuary #asia_news #echo #ecosystem #nature #phuket #thailand #wildlife #phuketnews #thailandnews #asianews

Published by Phuket Hotel Deals

Phuket Hotel Deals offers cheap flights and Hotel search and compare for Phuket, Thailand and Asia. We also offer tours of Thailand and local Asian Counties, Phuket Real Estate, Property for sale, Properties for rent, Retirement plans, local charity, volunteering, education guides, in-depth Asia news and much, much more!

Create your website with WordPress.com
Get started
<span>%d</span> bloggers like this: