14
3w
0

Emerging Economies Are Powering a Renewable Energy Revolution | OilPrice.com

https://oilprice.com/Energy/Energy-General/Emerging-Economies-Are-Powering-a-Renewable-Energy-Revolution.html

This shift in the global energy sector comes, in large part, thanks to a flood of cheap renewable energy components from China. While there is some cause for concern that China is becoming increasingly powerful and influential in the energy sectors and overall economies of low- and middle-income countries, cheap Chinese supply chains have also transformed the energy sector in critically valuable ways. Without this access to affordable clean energies, these economies would be unable to develop sustainably without significant financial support. And while Western powers have suggested providing such support themselves, such promises for climate financing have routinely been broken.