What’S Driving Climate Action?

German policy on solar feed-in tariffs,
. . . drive large-scale Chinese production and dramatic global price reductions
. . . . . . driving rooftop solar competitive with retail prices in many countries
. . . . . . . . . including, interestingly, places without strong policy, like United States.
This, in turn, causing upheaval in the utility sectors in countries like
. . . Germany, United States and Australia.

The price drops also contributed to the bankruptcy of Chinese solar company,
. . . Suntech, and its takeover by the local government.
Will China boost domestic solar consumption in order to protect
. . . the tens of thousands of jobs involved and
. . . further reinforce China’s low-carbon transition.

This is all a great example of what we can expect in
. . . policy-triggered, but market-driven change,
. . . chaotic, unpredictable and dramatic impacts on businesses and consumers.
While this makes it a tough space for investors,
. . . the prize of success is so great that
. . . the march to a low-carbon economy will continue.
It is the essence of how markets work and
.. . the current shake out is a sign of a maturing industry.

Source:  reneweconomy