{"id":2240187,"date":"2024-05-08T14:30:02","date_gmt":"2024-05-08T18:30:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-has-complete-stranglehold-on-essential-components-for-bidens-vaunted-green-revolution\/"},"modified":"2024-05-08T14:33:10","modified_gmt":"2024-05-08T18:33:10","slug":"china-has-complete-stranglehold-on-essential-components-for-bidens-vaunted-green-revolution","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-has-complete-stranglehold-on-essential-components-for-bidens-vaunted-green-revolution\/","title":{"rendered":"China Dominates Key Components for Biden&#8217;s Green Initiative"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-has-complete-stranglehold-on-essential-components-for-bidens-vaunted-green-revolution%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2240187&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden is focusing on green energy, with substantial investments in \u200drenewable energy and electric vehicles. The administration \u200crecently introduced a $20 billion plan \u200cto support clean energy\u2064 in disadvantaged areas. However, concerns arise as \u2064China dominates the production of \u200dessential green energy components, holding a significant global manufacturing capacity. This dominance poses challenges for \u2064the U.S. and its allies in clean\u2062 tech production.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p>President Joe Biden has made green energy a cornerstone of his policy agenda, investing tens of billions to promote renewable energy and electric cars.<\/p>\n<p>In April, the administration <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/04\/04\/biden-harris-administration-announces-historic-20-billion-in-awards-to-expand-access-to-clean-energy-and-climate-solutions-and-lower-energy-costs-for-communities-across-the-nation\/\" target=\"_blank\" rel=\"noopener\">unveiled<\/a> a plan for $20 billion in awards to foster clean energy in lower-income communities, <a href=\"https:\/\/www.doi.gov\/pressreleases\/biden-harris-administration-approves-eighth-offshore-wind-project\" target=\"_blank\" rel=\"noopener\">announced<\/a> a new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-congressman-boasts-support-for-maines-lobster-industry-he-voted-to-strengthen-the-agency-set-to-crack-down-on-lobstermen\/\" title=\"This Congressman Boasts Support for Maine\u2019s Lobster Industry. He Voted To Strengthen the Agency Set To Crack Down on Lobstermen.\">offshore wind turbine project<\/a>, and <a href=\"https:\/\/www.epa.gov\/newsreleases\/biden-harris-administration-announces-7-billion-solar-all-grants-deliver-residential\" target=\"_blank\" rel=\"noopener\">revealed<\/a> $7 billion in new grants to develop solar power.<\/p>\n<p>However, there are some major reservations behind Biden\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ev-companies-take-their-foot-off-the-gas-as-car-costs-soar\/\" title=\"EV companies take their foot off the gas as car costs soar\">full-steam-ahead approach<\/a> to renewable energy \u2014 principally the concern about the fact that China almost totally controls the production of clean energy components.<\/p>\n<p>According to <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-04-16\/china-extends-clean-tech-dominance-over-us-despite-biden-s-ira-blueprint\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>, China possesses more than 80% of the global manufacturing capacity for 11 clean energy components, including parts necessary for the building of solar panels and electric car batteries. It also holds a majority of the manufacturing capacity for parts necessary for the production of wind turbines.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udde8\ud83c\uddf3 \u2013 China\u2019s share of global production capacity is now above 80% for 11 clean technologies<br \/>\u2022 Massive Chinese investments mean that China&#8217;s clean tech rise may not be over<br \/>\u2022 Beijing also invested US$546bn in its own energy transition in 2022, around half of global financing <a href=\"https:\/\/t.co\/XWUd08RyKG\">pic.twitter.com\/XWUd08RyKG<\/a><\/p>\n<p>\u2014 Agathe Demarais (@AgatheDemarais) <a href=\"https:\/\/twitter.com\/AgatheDemarais\/status\/1785202424908828998?ref_src=twsrc%5Etfw\">April 30, 2024<\/a><\/p>\n<\/blockquote>\n<p>By contrast, the United States controls 0% of the global manufacturing capacity for more than half of the components, and its highest capacity share is only 10% for hydrogen electrolyzers. U.S. allies like Japan, South Korea, and others in Europe also woefully lag behind China in clean tech production.<\/p>\n<p>China dominates the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kerry-admits-slave-labor-fuels-chinas-green-energy-supply-chain\/\" title=\"Kerry Admits Slave Labor Fuels China\u2019s Green Energy Supply Chain\">green energy supply chain<\/a>, from raw materials to components to finished products. It <a href=\"https:\/\/www.washingtonpost.com\/world\/2024\/03\/29\/china-clean-green-energy-technology-trade\/\" target=\"_blank\" rel=\"noopener\">produces<\/a> 80% of the world\u2019s solar panels, while the U.S. makes only 2%, and two-thirds of the wind turbines. Additionally, Chinese-made electric vehicles (EVs) <a href=\"https:\/\/www.aljazeera.com\/economy\/2024\/4\/20\/are-chinese-evs-taking-over-the-car-market#:~:text=Chinese%20EVs%20already%20make%20up,the%20last%20couple%20of%20years.\" target=\"_blank\" rel=\"noopener\">comprise<\/a> 60% of global sales. China exported $146 billion worth of EVs, lithium-ion batteries, and solar components in 2023.<\/p>\n<p>A single Chinese solar company, Tongwei Group, plans on expanding its facilities and aims by the end of the year to produce four times the amount of solar cells installed by the entire United States last year, The Washington Post reported.<\/p>\n<p>China will be the \u201cmain force leading the global energy transition,\u201d Tongwei Chairman Liu Hanyuan told WaPo.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1715184052205000&#038;usg=AOvVaw30mpznqHO0I3crFOdodkQW\">CLICK HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>China\u2019s effort to become the preeminent manufacturer of green tech comes as the Chinese Communist Party searches for new ways to expand the nation\u2019s economy as it remains comparatively sluggish in the wake of the COVID-19 pandemic, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/world\/china\/china-goes-all-in-on-green-industry-to-jolt-ailing-economy-2f836395\" target=\"_blank\" rel=\"noopener\">noted<\/a>. It has provided massive subsidies to green tech-related companies to stimulate the growth of the sector.<\/p>\n<p>China is also poised to control the raw materials that are used to build those green energy technologies, largely through its growing influence in Africa.<\/p>\n<p>As of 2022, African nations barely produced any of the world\u2019s supply of lithium, but according to experts, Africa is sitting on a potential lithium bonanza. While Australia mined 55,000 metric tons of lithium in 2021, Zimbabwe, a landlocked nation in southern Africa, is projected to extract over 100,000 tons of lithium by 2031, <a href=\"https:\/\/archive.is\/0v90F\" target=\"_blank\" rel=\"noopener\">according<\/a> to the Financial Times. Mali, in West Africa, and the Democratic Republic of the Congo (DRC), in Central Africa, are also expected to become major producers of lithium while Namibia, Ghana, and Ethiopia will become moderate producers.<\/p>\n<p>The problem for the U.S. stems from the fact that China has been investing in these countries for years, and China owns or partially owns many of the companies that are poised to exploit the coming lithium boom. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/african-alliance-while-biden-pushes-electric-vehicles-china-leads-the-race-for-rare-earth-metals\/\" title=\"African Alliance: While Biden Pushes Electric Vehicles, China Leads The Race For Rare Earth Metals\">top lithium-producing companies<\/a> in both Mali and the DRC are partially owned by China, while 3 out of the 4 major lithium mining companies in Zimbabwe are entirely owned by the communist nation.<\/p>\n<p>Just one lithium mine in Zimbabwe, owned by a Chinese company, is estimated to hold up to 11 million metric tons of the mineral, <a href=\"https:\/\/www.cnbc.com\/2023\/03\/09\/is-the-us-falling-behind-china-in-africas-lithium-industry-.html\" target=\"_blank\" rel=\"noopener\">according<\/a> to CNBC. Zimbabwe banned the export of raw lithium in December 2022 to encourage domestic processing, but the three Chinese-owned companies, which have invested $678 million into lithium projects in the country and have announced plans for development projects that reach into the billions, are exempt from the regulation. Indeed, Zimbabwe has been a major <a href=\"https:\/\/global.chinadaily.com.cn\/a\/202301\/17\/WS63c5fbf3a31057c47ebaa050.html\" target=\"_blank\" rel=\"noopener\">beneficiary<\/a> of China\u2019s Belt and Road Initiative, a foreign investment and infrastructure policy that critics have argued is a debt trap for poorer nations. As of 2023, China has invested tens of billions in African nations, including Zimbabwe, the DRC, Mali, and Ghana \u2014 all places where mining is projected to spike in the coming years.<\/p>\n<p>Additionally, the DRC has a stranglehold on the mining of cobalt, another crucial mineral in the production of EV batteries, producing an <a href=\"https:\/\/abcnews.go.com\/International\/cobalt-mining-transforms-city-democratic-republic-congo-satellite\/story?id=96795773#:~:text=The%20Democratic%20Republic%20of%20the%20Congo%20produces%20an%20estimated%2070,those%20more%20in%2Ddemand%20minerals.\" target=\"_blank\" rel=\"noopener\">estimated<\/a> 70% of the world\u2019s supply. Chinese companies also have significant <a href=\"https:\/\/www.nytimes.com\/2022\/02\/28\/world\/congo-cobalt-mining-china.html\" target=\"_blank\" rel=\"noopener\">control<\/a> over those mines in the DRC and ones in Zambia. In 2020, China held complete or partial ownership in 15 of the 19 operating cobalt mines in the DRC, The Economist <a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2023\/02\/28\/how-america-plans-to-break-chinas-grip-on-african-minerals\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/p>\n<p>Biden\u2019s zeal to transition the U.S. away from fossil fuels has left it vulnerable to China\u2019s control of the supply chain for green technologies. Though China\u2019s monopoly, at least on components and finished products, is unlikely to last forever, it currently possesses a decisive advantage over every other nation on Earth that it will certainly use to its economic and strategic advantage. To compete with China\u2019s state-sponsored green revolution, the Biden administration would have to vastly increase government subsidies for green tech initiatives and support private efforts to gain an innovation advantage over the CCP.<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden prioritizes green energy, allocating billions to support renewables and electric vehicles. Recently, the administration introduced a $20 billion initiative to boost clean energy in underprivileged areas, launched an offshore wind project, and earmarked $7 billion for<\/p>\n","protected":false},"author":1548,"featured_media":2240188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/04\/GettyImages-1319228121-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2240187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/04\/GettyImages-1319228121-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2240187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1548"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2240187"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2240187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2240188"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2240187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2240187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2240187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}