Han media: "In the energy competition with the United States, China is clearly the winner!"

On November 3, South Korean media "Herald Economic" published an article stating that China, which vigorously promotes clean energy technology, has already surpassed the United States, which is centered on fossil fuels, in the global energy export competition.

Lately, Bloomberg cited a new report from the climate think tank Ember, which stated that China's exports of electric vehicles, solar panels, batteries, and other carbon-reducing technologies reached a record high of 20 billion US dollars in August.

Bloomberg explained: "The two major economies of the world - the United States and China - are competing for energy exports. The United States sells fossil fuels to the world, while China sells clean energy technology to the world, and China is clearly the winner."

Ian Graham, data analyst at Ember, added: "Despite a significant drop in prices, China's clean energy technology exports still reached a historic high."

According to Bloomberg, as a major fossil fuel exporter, the United States exported $80 billion worth of oil and natural gas from January to July this year.

At the same time, China's clean technology exports far exceeded those of the United States, reaching $120 billion during the same period.

Bloomberg emphasized: "These results reflect only a small part of the situation. The drop in solar panel prices means that China is exporting more solar panels."

The report added that although the amount of solar exports in August was lower than the peak in March 2023, the export capacity still set a new record, reaching 46,000 megawatts.

China's exports are growing rapidly, especially exports to emerging markets.

Bloomberg reported that over 50% of China's electric vehicle exports this year went to non-OECD member countries.

In addition, Bloomberg predicted: "China (clean energy) and the United States (fossil fuels) both have excess capacity in their respective areas of advantage, generating billions of dollars in export revenue each year. Although the United States may profit more from the export of more expensive fossil fuels compared to low-carbon products, China's influence in major importing countries will further expand."

Original: www.toutiao.com/article/1847754235480075/

Statement: This article represents the personal views of the author.