The first big test of Biden’s lofty clean-power ambitions may not be congressional approval of sweeping climate legislation, but managing a solar supply chain that’s being shaken by the seizure of imported Chinese panels.
The global transition to a carbon-neutral economy will cause economic disruption reminiscent of the energy crisis of the 1970s, according to a paper by the Peterson Institute for International Economics.
The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert away from Ningbo amid uncertainty over how long virus control measures in the city will last.