The new US President has used his first 24 hours to pull all US government support for the green energy transition. He wants to ban any new wind energy projects and withdraw support for electric cars. His new energy policy refused to even mention solar panels, wind turbines, or battery storage - the world’s fastest-growing energy sources. Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.

China was the global leader in 21st-century energy before, but its future global dominance is now assured. There will be trillions of dollars to be made supplying the planet with green energy infrastructure in the coming decades. Decarbonizing the planet, and electrifying the global south with renewables will be the largest industrial project in human history.

Source 1

Source 2

  • RubberElectrons@lemmy.world
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    5 hours ago

    There are some of us keeping the work alive, no need for govt funds. Definitely gonna slow down basic research though, and that’s a critical problem.

    Keep your hopes up and pay attention.

  • AbsolutelyNotAVelociraptor@sh.itjust.works
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    10 hours ago

    Don’t worry, they’ll just impose tariffs to China so China will bankrupt because the american market is the greatestest ever in the universe and everyone and their mother needs to sell their goods to them or they will go bankrupt too.

    Or something like that.

    • Miles O'Brien@startrek.website
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      7 hours ago

      I tried explaining tariffs to my in-laws.

      They genuinely think that other countries will be paying the extra cost for the privilege of trading with the USA.

      Completely refuse to believe they have to pay the extra cost out of their own pocket or the company will sell elsewhere.

      Edit to add, these in-law’s also think China is still mostly like their media-based perception of feudal Japan. As in “they only have two modern cities, Beijing and Tokyo” type of “knowledge” of China.

      • MrMakabar@slrpnk.net
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        9 hours ago

        It is not going to be the OPEC of the 21st century. The important part with oil, is that you need to buy more of it ones it is burned. With most green technologies, the products last decades. So any country being cut off can just work on developing their own. Obviously there are more countries then China and the US as well, which also have green technology companies.

        • Philosofuel@futurology.today
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          9 hours ago

          It’s indeed going to be different, because your selling some independence with renewable energy tech. Buy a solar panel from Chian now, and you have 25 years or more to figure out how to built your own replacement. but in the short to medium term at least (I expect) China will dominate these markets. I don’t expect the EU or India, or other countries to catch up soon on the level and price of green tech that China now has.

          • Lugh@futurology.todayOPM
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            8 hours ago

            I don’t expect the EU or India, or other countries to catch up soon on the level and price of green tech that China now has.

            Europe would be smart to mandate some of the billions they are going to spend on this, come from Euro-sources. It makes it much easier to match Chinese manufacturing economies for Euro-exports elsewhere.

          • MrMakabar@slrpnk.net
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            8 hours ago

            Green tech is a wide field. In wind turbines the two largest companies in the world are from the EU. High speed rail also has a lot of European companies with great technologies, as well as Japan. In the battery world Japan and South Korea have some large companies as well.

            Solar is one of the areas, where China just rules though.

            • Philosofuel@futurology.today
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              7 hours ago

              Thanks for the nuance, I was a bit generic, but you are right, their is more clean tech in other countries out there. But besides solar China is also big in EVs and batteries as well. We will see how it goes - really interested how some countries are leapfrogging in their development using more green energy technologies.

    • wise_pancake@lemmy.ca
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      10 hours ago

      Don’t sell too many goods to them, if there’s a trade deficit that’s “unfair”

  • Ekpu@lemmy.world
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    7 hours ago

    I can only hope that we in Germany wan’t do the same mistake. Renewable energy is cheaper by now and it would be a huge economic failure to dismiss this.

  • MrMakabar@slrpnk.net
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    9 hours ago

    Yes the industry is massive, but there are also a lot of other countries in the world. Europe for example is trying to retool its car industry for EVs. Danish Vestas is the largest wind turbine manufacturer in the world and German-Spanish SiemensGamesa is the second largest. Japan and South Korea are strong in the battery manufacturing industry.

    That is not to say that this is not scary to see Trump hurt the US economy this badly, but it is what the Americans have voted for.

    • Captainvaqina@sh.itjust.works
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      8 hours ago

      but it is what the Americans have voted for.

      No we didn’t. The election was rigged, the toddler traitor said so himself in a fit of dementia.

  • JeeBaiChow@lemmy.world
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    9 hours ago

    I mean why not? They’ve already handed the electric car market to their sino counterparts. And farming tech. And consumer drones. And…

  • givesomefucks@lemmy.world
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    10 hours ago

    Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.

    On one hand, I’m glad so many people will be agreeing with me the next four years…

    But anyone who thinks that wasn’t happening under Biden and wouldn’t have continued under Kamala just didn’t pay attention at all the last four years

    The fossil fuel industry owns both parties, and have for decades now.

    • Lugh@futurology.todayOPM
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      10 hours ago

      Yes, the US political system is now even more corrupt than before. At least the Democrats were making some effort, and I’m sure blue states like California still will.

      • givesomefucks@lemmy.world
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        9 hours ago

        At least the Democrats were making some effort

        Mate…

        If it takes your house 12 hours to burn down or a week…

        What’s the difference? The house is still actively burning down for that week.

        Is it better? Yeah, but not enough to motivate people to fight for the week. If the choice was “burn down in 12 hours or not” then Dems would win every election because that’s a very easy choice for people.

        But the reason we don’t get that choice is the same reason Kamala became pro-fracking:

        Neoliberals care more about donations than votes. And fossil fuel corporations pay a lot in bribes donations

      • givesomefucks@lemmy.world
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        9 hours ago

        Good data, but I disagree with their prediction:

        The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other country has reached production capacity of 13.0 million b/d. Saudi Arabia’s state-owned Saudi Aramco recently scrapped plans to increase production capacity to 13.0 million b/d by 2027.

        trumps gonna break it just for the reason that Biden broke his last record.

        Out of sheer pettiness he’s going to make it worse, and fossil fuel corporations will jump at the chance to expand

    • Tobberone@lemm.ee
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      6 hours ago

      I keep forgetting how everything that happens in the US is because something the president did.

      It’s not like the collective west has made a collective effort on the issue either, but where the EU has (finally) seen renewables as a way out of oil dependence, the US is some ways off.

      It will be a big issue, though. Countries are going all electric for transportation, China (25% of world car market) is estimated to be at 57% BEV 20250, surpassing most European countries.

      In the end, it is about strategic autonomy in the energy sector. Something which hasn’t been possible before, but it is now. And Europe is feeling that squeeze and look everywhere for solutions.