Yellen Calls for EU-US Cooperation to Counter Surge in Chinese Green-Tech Exports
U.S. Treasury Secretary Janet Yellen has called on the European Union to collaborate with the United States in addressing the surge of Chinese green-tech exports, warning that the influx threatens …
I hate this fucking planet, "counter" green energy ? For fucking real ? They all need to die in capitalist hell.
She's the Treasury secretary. The point isn't about reducing green tech, it's reducing Chinese competitive advantage. She's calling for the us and eu to ramp up production. As policy, they are trying to buy time, by blocking Chinese access to Western markets in the meantime.
They believe China is massively subsiding this push with a specific intention to destabilize and blow out western markets. So by reducing Chinese access to Western markets, while also making Western markets more competitive, they believe they can improve their geopolitical position.
Believe that or don't, but as a federal Western policy maker, that's their take.
Indeed, the mile high view is that in the meantime, folks who want affordable greener tech will have less access to it, and that is a bummer
The US has subsidized Tesla alone more than China has subsidized all their electric car companies combined. They don’t believe China is massively subsidizing the market for green tech, they believe that they are unable to compete on a fair playing field and so will attempt to tip the scales in their favor.
That's not what is critizised here, is it?
I might misunderstand but I thought the cheap production of necessary components for green energy coming from China, only possible by shortcuts of reducing worker rights or otherwise exploitation of ressources, should be countered.
Do you really think this is why they're against it ?
I'm not saying we should encourage pour working conditions, but there's a lot of things that are exaggerated or straight up lies and we as "the north" should stop pointing fingers at other countries that do much more than us for the green transition. There's a lot of lies being spread regarding and, there's green hardware being produced there but also a lot of research and r & d.
High ranking business man are more scared of China being ahead tech wise rather than production wise, and with all the microchip drama this is bound to happen.
You really think that the absolutely massive output of China that is dwarfing the West's output is because of a reduction in worker's rights when compared to the West?
Workers rights in China are one of the only places in the world that actually are gaining more rights and protections, year over year. This isn’t the 80s anymore.
Massive production efficiencies via automation that the Chinese lead the world on have nothing to do with prices no?
They've also been heavily investing in green tech for years way more than the US, so it's probably related.
Foxconn factory had people throwing themselves off the roof of the building because of working conditions. The US gave them a sweet deal to build a plant in Minnesota/Michigan i think. We literally rewarded them.
And by EU-US cooperation she means EU sanctions against China and not actually going after companies who outsource to China or any other country for that matter.
