Signal Chinese renewable technology exports overtake US fossil fuel exports

Summary

Eurasia Group reports that China's exports of renewable energy technology are already larger than US exports of fossil fuels. The comparison captures the two countries' competing offers to the world: clean equipment from Beijing and oil, gas and coal from Washington. The report argues that China's package is especially attractive to emerging markets because solar, wind, batteries and grid gear do not depend on volatile commodity imports and keep getting cheaper. It acknowledges trade-offs such as cybersecurity risks and reduced room for other nations to develop domestic industries. Even so, it expects many governments to choose cheap Chinese technology, much as they did with Huawei equipment a decade ago.