China’s Dominance Of Clean Energy Supply Chains Raises Concerns
- Mar 17, 2021 2:15 am GMTMar 22, 2021 2:06 am GMT
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Over the past decade, no major energy source has grown faster than solar power. According to the 2020 BP Statistical Review of World Energy, installed solar photovoltaic (PV) capacity has grown at an average annual rate of over 42% over the past 10 years, translating into a doubling of global capacity every 1.7 years on average.
Although that blistering pace could start slowing down as installed capacity grows, solar will likely remain the fastest-growing energy source for the foreseeable future. Much as with other energy sources, however, solar’s growth is giving rise to a number of thorny questions regarding geopolitics, supply chains, and national security.