The West is restructuring its energy dependencies away from Russia and China, but global cooperation may be needed to meet decarbonization goals.
After decades of globalization and free-trade-oriented energy policies, the West is taking pains to separate itself from Eastern energy markets. The impetus of the market fracture came early last year, when Russia illegally invaded Ukraine and inadvertently kicked off an all-out energy war with Europe.
’ “Europe and its partners must do more to combat the effect of these unfair subsidies and prolonged market distortion.” But there are two deep ironies undercutting the popular accusation that China’s cheap solar panels are able to out-compete the rest of the global market due to massive government subsidies. First, there is no evidence that such subsidies exist.
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