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Why the US is Losing the Solar Race to China

Solar panels will be the main source of renewable energy in 2030, and they’re mostly made in China. For the United States, the accelerating pace of the climate crisis has quickly turned this industrial reality into a strategic threat. US President Joe Biden and Congress have allocated billions of dollars to put solar panels on homes and factories and in fields. But when it comes to gaining ground on manufacturing solar hardware, Beijing has a 20-year headstart. With Climate Week and COP28 looming, Bloomberg’s reporters and analysts analyze America’s prospects in this critically important piece of the energy transition. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptio... 00:00 Introduction 01:17 Why solar power matters 02:40 How China came to dominate 05:20 The US efforts -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.