Trump: The President of the Global Ecological Transition
Oil prices rise while Chinese renewables fall in cost. Examining Trump's role in the global energy economy.
English · Original discussion in Spanish · Published
The energy policy of **Trump**, with its focus on tariffs and rising oil prices, may be indirectly driving the economic viability of Chinese renewable energy sources.
## Expensive Oil, Cheap Renewables
The **Brent** barrel is currently trading at **107 dollars**, while **WTI** sits at **101 dollars**. This price escalation contrasts sharply with the plummeting cost of solar energy. The cost per watt of solar panels has dropped to **0.12 dollars**, a minuscule figure compared to the **6 dollars** it cost in the year **2000**, when the barrel of oil barely exceeded **25 dollars**.
## Chinese Battery Innovation
The Chinese industry is making tremendous strides in developing energy storage technologies. Companies such as **CATL** and **BYD** already manufacture electric vehicle batteries capable of charging in less than **15 minutes**. Furthermore, sodium batteries, crucial for electrical system stability, are in an advanced stage of development.
## The End of Subsidies
It appears that the era of subsidies for green energy and policies deemed "unprofitable" is approaching its end. Renewables now seem to be profitable on their own, without the need for mandates. Oil production in **United States** multiplied by **2.7** during the presidency of **Obama**, who also promoted fracking. **Trump**, on the other hand, removed subsidies and increased tariffs, driving up oil prices and paradoxically making Chinese renewables more attractive as they seek global expansion.
## Expensive Oil, Cheap Renewables
The **Brent** barrel is currently trading at **107 dollars**, while **WTI** sits at **101 dollars**. This price escalation contrasts sharply with the plummeting cost of solar energy. The cost per watt of solar panels has dropped to **0.12 dollars**, a minuscule figure compared to the **6 dollars** it cost in the year **2000**, when the barrel of oil barely exceeded **25 dollars**.
## Chinese Battery Innovation
The Chinese industry is making tremendous strides in developing energy storage technologies. Companies such as **CATL** and **BYD** already manufacture electric vehicle batteries capable of charging in less than **15 minutes**. Furthermore, sodium batteries, crucial for electrical system stability, are in an advanced stage of development.
## The End of Subsidies
It appears that the era of subsidies for green energy and policies deemed "unprofitable" is approaching its end. Renewables now seem to be profitable on their own, without the need for mandates. Oil production in **United States** multiplied by **2.7** during the presidency of **Obama**, who also promoted fracking. **Trump**, on the other hand, removed subsidies and increased tariffs, driving up oil prices and paradoxically making Chinese renewables more attractive as they seek global expansion.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (0 replies).
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