China’s accelerated deployment of renewable energy and supportive infrastructure is a major wake-up call for the United States. Although China is now the largest greenhouse gas emitter on the globe, the U.S. is, historically, the most prolific polluter and is still responsible for a large portion of the world’s greenhouse gas emissions.
However, while China has taken major steps to introduce renewables into its energy mix and reduce its carbon emissions, America still isn’t united on the transition. Beijing has gone all in on renewable energy, passing supportive legislation and investing tens of billions of dollars into deploying renewable energy infrastructure like solar, wind, and hydro.
The East Asian nation now has a near-monopoly in global solar photovoltaic production and produces at least 60% of the world’s wind turbines. As a result, China has deployed green infrastructure at an unprecedented pace for the past several years and now has one of, if not the most, extensive networks of renewable energy infrastructure in the world.
The United States, on the other hand, is far behind China in terms of green energy capacity, renewable infrastructure production, and deployment. While China has maintained a consistent green energy policy over the long term, American policy support for renewables is mostly pushed by the Democratic Party, with Republican leaders often undoing green energy policies set by the left.
For instance, President Donald Trump rescinded dozens of the previous administration’s climate action-related policies. Without a consistent long-term plan, America hasn’t been able to maintain its pace in renewable energy adoption and green infrastructure deployment. As China steadily builds a global monopoly in critical renewable infrastructure like solar panels, wind turbines, and electric cars, the U.S. is still struggling to develop cohesive domestic climate-action strategies and barely makes a mark on the world stage, at least where green energy is concerned.
If the U.S. doesn’t reconsider its industrial strategies, it could risk losing power to Beijing over the long term, especially if China maintains its current pace of green energy deployment. Last month alone, China installed enough new wind and solar infrastructure to generate as much energy as either Switzerland, Poland, or Sweden. China’s total capacity for solar energy now accounts for over 50% of all the solar energy produced worldwide, giving it a major lead over the U.S.
China’s dominance extends all the way from solar and wind infrastructure and capacity to entire renewable supply chains, ranging from mining and processing several critical minerals to building green technologies like electric cars. If the U.S. doesn’t step up with stronger policies, investment, and long-term planning, it may soon find itself too far behind Beijing to catch up. China’s lead in renewables is no longer just about energy, it’s quickly becoming a question of global influence.
For American firms like Mullen Automotive Inc. (NASDAQ: MULN) that are witnessing the Trump administration rolling back enabling policies like the EV tax credits passed by the previous administration, the future is squarely in their hands and every effort must be expended to thrive despite the shifting federal government position on renewable technologies.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
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