China’s solar goes from supremacy to oversupply

High price: Workers perform a quality check on a solar panel production line at a factory in Suzhou, China. The United States and other Western countries have accused Beijing of flooding global markets with cut-price solar exports. — The New York Times

Beijing: Strong state support and huge private investment have made China’s solar industry a global powerhouse, but it faces new headwinds, from punitive tariffs abroad to a brutal price war at home.

Officials meeting in Baku next month for the COP29 summit hope to agree on new finance targets to help developing countries respond to climate change, including ditching fossil fuels.