The energy sector's supply chain dependency on China is so huge that it makes breaking away from Beijing next to impossible, according to Christian Bruch.
His comments highlight the complexity for firms desperately needing supplies and parts manufactured in China, but not the competition from complete kits made there that undercut Western firms.
We can't afford not to buy parts so other companies can assemble them...
But we also can't allow China to sell complete units because then those middle men companies can't make money...
I'm no climate scientist, but at this point I have no sympathy for energy companies or their profits.
It's insane lots of world leaders say climate change is an important issue, then turn around and tariff or outright ban green energy products from China because they're so cheap everyone would buy them.
Just sounds like corporate welfare where whatever maximizes their profits is necessary, and everything that doesn't gets banned.
The issue is China is producing things below cost to push out competition. That's not good for anyone but China. They want to be supplier at the expense of everyone else.
That legitimately a good reason to put tariffs in place.
BUT more money should be spent on renewables also.
They already pushed everyone else out years ago. If it was truly the Amazon business model prices would have gone up. If they want to keep subsidizing the transition to clean energy we should take advantage of it.
BUT more money should be spent on renewables also.
If the US had been subsidizing renewable to the same degree as China instead of continuing to subsidize fossil fuels, we wouldn't be in a place to need to protect our renewable industry from their cheaper goods.
As far as I'm concerned, the entire problem is us not spending enough on renewables, not that China has 'undercut' anything
I mean aren't we a globalized economy? There is stuff made by many countries, of whose quality and or cheapness certain countries cannot completely compete with, see Taiwan and their chip fabs, see Japanese car manufacturers. Are we going to throw a hissy fit over their stuff (yes I know we did with Japan but we don't anymore for whatever reason).
Imagine you were starving in the desert for weeks, finally stumble across a McDonald's, but then go "nah, I don't like their business decisions" and walking away...
Climate Change is kind of a big fucking deal
We constantly bail out industries, they can take a short term hit while they learn to compete.
It's better than causing long term damage to our entire fucking planet.
Jesus dude, just listen to yourself:
Short term profits are more important than the survival of intelligent life on Earth.
They’re mad because they’re terrified that, in order to compete without paying slave wages for Chinese labor, they might have to gasp! get paid less to make up the difference! Not smaller profits! Oh, no!
[Christian Bruch's (CEO of Siemens Energy)] comments highlight the complexity for firms desperately needing supplies and parts manufactured in China, but not the competition from complete kits made there that undercut Western firms.
I read it— but, more importantly, I also know the one thing that China has which constantly allows them to undercut Western manufacturing: cheap labor.
A good solution to this is for less dependency on them. This is the nature of them taking too much, and that's just... really not going to work out great for them, nor anyone.
That anybody can disagree with this is truly flabbergasting. China should not be the sole decider of whether our planet lives or dies. I don't... I don't get how anyone, even the Chinese, can disagree with that.
Update: I think it's the petrochemical industry. They've corrupted all the green energy focused subs here super badly from what I've seen so far. I think we've caught their attention already - which may actually be a good sign. We must be doing something effective enough to warrant it.