Ryan Stancil,
Editor
May 7, 2021
The U.S. vs. China is poised to be the big geopolitical story of the next few decades.
It’s something that’s been brewing for a while, really took off with Trump’s trade war, and seems to be entering a new phase during Biden’s presidency.
There’s the escalating tensions in the South China Sea, the ongoing scrutiny regarding China’s human rights abuses, and the country’s saber-rattling regarding Taiwan, just to name a few things.
All of these issues have put the U.S. (and other countries) at odds with Beijing, with neither side intending to back down.
But even with the growing tension and constant back and forth on the world stage, it looks like there is at least one thing that both the U.S. and China can agree on.
That renewable energy is the way of the future.
2020 was the start of the “decade of renewables” according to the head of the International Renewable Energy Agency (IRENA), an intergovernmental organization that supports countries as they transition to sustainable energy programs.
This comes in the wake of the fact that 2020 was a record year for the amount of renewable energy capacity that was built. Much of the new electricity capacity was wind and solar, 82% in fact, with the two biggest contributors being the U.S. and China.
China added 136 gigawatts of power via renewables while the United States added 29. Those 29 gigawatts are 80% more than what the U.S. installed in 2019 and happened alongside a decommissioning of fossil fuel power generation.
The story is a remarkable one, considering the troubles brought on by the pandemic. But it highlights the strong need to find alternative sources of power that will be able to meet society’s needs while addressing the damage climate change has done.
China and the United States are the biggest polluters and their adopting new energy policies sets an example for other countries.
Costs are coming down and the industry has proven to be resilient against a worldwide crisis. That shows that countries are taking renewable energy seriously. It’s with that in mind that thinking is shifting from the practicality of green energy to how policy will ultimately shape the sector.
In the U.S., President Biden has made renewables part of his infrastructure plans. He wants to spend billions on boosting the electric vehicle market as well as the country’s electrical grid.
The European Union has set a goal to be carbon neutral by 2050 by tackling deforestation and boosting sustainable transportation, among other actions.
China has announced plans to be carbon neutral by 2060, with many of the country’s brands adopting sustainable practices due to a shift in consumer demand.
The world’s leaders know what’s coming and they are setting up to get ahead of it all. That means there are already companies in place to take advantage as the times change.
Here in the U.S., there is one energy company whose technology is going to upend our aging electrical grid. The revolution in home power generation is going to come from everyday Americans, not the companies that have been running giant power plants for the past 100 years.
It’s a little-known story about an emerging technology set to take off over the next few years, all over the world. It involves using green technology like solar panels, wind power generators, and battery storage, and big-name investors are already backing it.
It will fit right in with the president’s infrastructure plans and it will be in the right place as renewable technology adoption begins to catch up with traditional power here in the U.S.
The details are in this new report.
Once you learn about it, you can get in before this small company becomes a household name.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle
Ryan Stancil is an editor and regular contributor to Daily Profit Cycle. He’s been active in the financial publishing industry for more than half a decade, offering insights and commentary on technology and geopolitics to help readers make sense of the constantly changing landscape and how it affects their investments. His readers appreciate his "tell it as it is" writing style, where he always offers a fresh new perspective on what's happening in the market and leaves nothing unsaid.
[leadgenform slug="dpc_dpc-story_top-sectors-2021"]