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Goldman Sachs says the US's switch to tariffs and trade wars will accelerate the global transition to renewable energy, as more nations will favor energy independence and security. (self.futurology)

submitted 3 weeks ago by Lugh to c/futurology

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China has long favored this strategy. It realises how vulnerable its fossil fuel supply is to US naval blockade should it decide to invade Taiwan. Now it seems you don't have to invade anyone for the 'blockade' of tariffs. Hence, this report argues that more nations will follow China's strategy.

Although I'm sure it will have an effect, I'd guess the biggest drivers are still the cheapness of renewables and countries' net zero goals. In particular home solar/microgrids and cheap Chinese vehicles which I imagine will blanket every corner of the world in the 2030s.

Download Report - PDF 27 pages

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[–] NOT_RICK@lemmy.world 11 points 3 weeks ago

I rushed to install solar so I could guarantee a 30% federal rebate. Figured that could very well be on the chopping block in the near future. So anecdotally, yeah my anticipation of tariffs bringing up energy costs combined with all this stochastic cost cutting did accelerate my adoption of green energy

[–] BetaBlake@lemmy.world 2 points 3 weeks ago

Well I guess that's one silver lining

[–] Tobberone@lemm.ee 1 points 3 weeks ago

On a personal level, its price, but to enact a national strategy takes more, struggles with supply is one such thing. But the way to the strategy will work is through subsidies, like we've seen before.