Yellen says China's rapid buildout of its green energy industry 'distorts global prices'
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team Treasury Secretary Janet Yellen has criticized China's excess production in green energy, calling it unfair competition that "distorts global prices" and hurts companies and workers globally. This will be Yellen's second trip to China as Treasury secretary, where she plans to press her Chinese counterparts to take steps to address this issue. Her remarks will be delivered at Suniva, a solar cell manufacturing facility in Norcross, Ga., that closed in part due to cheap imports and is reopening partly due to incentives provided by the Democrats' Inflation Reduction Act.
Published : a month ago by in Environment
WASHINGTON (AP) — Treasury Secretary Janet Yellen is calling out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world. Yellen is planning her second trip to China as Treasury secretary. In remarks prepared for delivery in Georgia on Wednesday, she says she plans to press her Chinese counterparts “to take necessary steps to address this issue.” Her remarks are to be delivered at Suniva, a solar cell manufacturing facility in Norcross, Ga., that closed in 2017. Treasury says it closed in large part due to cheap imports flooding the market. It is reopening, in part, because of incentives provided by the Democrats’ Inflation Reduction Act
Topics: ESG