Treasury Secretary Yellen Challenges China's Green Energy Industry
Wednesday, 27 March 2024, 14:21
Treasury Secretary Janet Yellen's Critique of China's Green Energy Industry
According to Yellen, China's rapid expansion in the green energy sector is distorting global prices and negatively affecting companies and workers worldwide. The excess production in China poses challenges for fair competition in the industry.
- Unfair Competition: Yellen points out that China's aggressive buildout of green energy infrastructure creates unfair challenges for other countries.
- Global Impact: The distortion in global prices not only harms companies but also workers globally, highlighting the need for a level playing field in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.