Monday, April 5, 2021

The U.S. Is Losing The Energy Tech War Against China — Alex Kimani

For years, the U.S. and China have waged war over technology, trade, and capital markets. Tensions between the world’s leading economies reached a fever pitch during former president Trump’s term in office, leading to escalating tariffs and trade restrictions.

But now, a new revelation will have Washington scratching its head again: China has been vastly outspending the United States in renewable energy R&D.

According to BNEF data cited by Bank of America in a recent report, for every dollar that the U.S. spent on renewable energy research between 2010 and 2020, China spent two, making it by far the leading investor in renewable energy around the world.

BofA says in this new climate war, China hopes to gain the upper hand in supply chain dominance, carbon-related trade tariffs, and domestic-focused manufacturing policies.

Global supremacy

According to BofA, it’s not just the need to mitigate the effect of climate change. The biggest motivating factor in fact, is quite different: Attaining energy independence and global supremacy....
The US is focused on global supremacy so China must be, too? Projection? "Energy war"? Paranoia? Or is this just more narrative shaping?


See also
The so-called ‘Cold War 2.0’ brewing between the US and China/Russia bears little resemblance to the post Second World War scenario. The present scenario is different in two fundamental ways: it does not have roots in two opposing ideologies of communism and capitalism, with one trying to overwhelm the other, and it is least about establishing military superiority in terms of achieving a permanent nuclear edge over the rival bloc. The current phase of rivalry between the US and China/Russia is more about preserving US unilateral hegemony over economy, technology and global sphere of influence than about military’s offensive and defensive capabilities. The rise of China and Russia challenges the US more in terms of the latter’s unilateral domination in essentially non-military fields, although both economy and technology have military implications as well. Accordingly, whereas the first Cold War included nuclear armament control treaties, the ‘Cold War 2.0’ is more about trade paces and tussle over technology such as 5G. Also, whereas the focus of the Cold War was Europe, the ‘Cold War 2.0’ is developing in Asia & the Pacific, the emerging centre of the world’s economic growth.

Therefore, were about it solely military superiority in terms of numbers, the US clearly has it. The US has about 20 times the number of nuclear warheads as China. It has twice the tonnage of warships at sea, including 11 nuclear-powered aircraft carriers compared with China’s two carriers. As compared to China’s 600 fighter jets, the US has 2,000. With its 800 overseas military bases, the US is much better placed to use its military force on global scale than China can with its three overseas bases.

However, in terms of economy and technological advancement, China is all set to surpass the US by the end of this decade; hence, the increasing US sense about resisting this loss of domination.
China has already surpassed the US based on PPP rather than GDP, and China is still a "poor" country, even though its middle class is over about 400 million, more than the entire population of the US. But leaves some 600 million below middle class, although China has eliminated "absolute poverty." The US can't complete with such a population differential, which India has also. As de-colonization advances, the torch passes to Asia. The US answer?? Continue to impose colonization on the Global South and East. Chance of it succeeding? Zero. Who lost China? No one. It's a natural process of history.

20 comments:

Peter Pan said...

You need energy to continue civilization. The human species is losing that war.

Peter Pan said...

Mother nature weighs in on geopolitics

Matt Franko said...

That’s some pagan figurative bs and it’s not even true...

She says “I have Fed species greater than you”.

Where? when? We started with 2 and now are way over 7B increasing ALL THE TIME...

What other species manifests a growth function? NONE...

And this is WITH Art Degree morons running it exclusively till about 1860...

Wait till we can finally get rid of the Art Degree people entirely and see what happens....

Peter Pan said...

Add up the bio matter on Earth, and the plant kingdom exceeds the animal kingdom by several magnitudes. She feeds them all...

Most species exhibit a growth function, until they fill their habitat. When they exhaust their habitat, they exhibit a decline function.

Matt Franko said...

“Until”

You sound like the debt doomsday people... “we’re going to run out of money!... someday!...”


Matt Franko said...

Pete I like palm trees..., can you call Julia and get her to ask Mother Nature to move some up here to the mid Atlantic for me?

I have to drive all the way down to the Carolinas to see them now.. not ideal...,

Just have them growth function up the coast a few 100 miles...

Matt Franko said...

That video exhibits textbook Art degree incompetent 101...

It’s like AOC the big expert doesn’t even know what a kitchen garbage disposal is and thinks growing a garden is “like magic!”

Yeah I’ll bet it’s like magic when you’re an uneducated Art degree moron.... “it’s magic!” LOL,

“Hey AOC what is the chemical symbol for Nitrogen?”

“Duuuuuhhhh..... I don’t know.... duuuuhhhhh”

Peter Pan said...

This civilization is headed for decline or collapse. History is full of examples. The scale is larger, since modern civilization is global. Party while you can.

Matt Franko said...

“ This civilization is headed for decline or collapse. History is full of examples. ”

Yo we started out with 2 and now way over 7 B and climbing where is the “collapse!”?

This is like the people now saying “inflation!” when oil goes above $60 when a few years ago it was $160...

“Oil is really going up it’s $60 it used to be $160!” “Yeah gas is really going up too it is $2.60/ gal it used to be $4.60...”

M-O-R-O-N-S.... don’t... listen... to.... them...

Ask AOC if she knows what these symbols mean: <, >, =

She’ll only know what the commas are... lock it...

lastgreek said...

“ Hey AOC what is the chemical symbol for Nitrogen?””

Take it easy, Mendeleev. You twice voted for a stupid sod who doesn’t even know what a chemical symbol is, let alone the symbol for Nitrogen.

Matt Franko said...

Oh now you’re a Clinton lover too great... nice choice there...

Matt Franko said...

And GUARANTEED trump knows the numbers and the units of abstraction in his chosen field of property development like the back of his hand...

Matt Franko said...

https://qz.com/1387565/trump-told-gary-cohn-to-print-money-to-repay-the-national-debt-thats-bananas/

And you MMT guys DIDNT support him... how stupid are you guys???

What a bunch of dumb hypocrite morons...

Matt Franko said...

You MMT people dedicate your entire professional lives to promote and support a proper understanding of monetary system and then Trump exhibits a more proper understanding of the system and then you don’t support him and instead support fiscal hawk Biden...

You are lower than whale shit...

Matt Franko said...

You deserve EVERY failure you are experiencing ...

lastgreek said...

We can expect any day now the recruitment and transportation of Islamist jihadist mercs (Syria, Libya) to Ukraine. Not sure about Chechens joining this time around.

Matt Franko said...

Yeah way to go “blue wave!”..

Peter Pan said...

The last leader in North America that I didn't entirely dislike was Jean Chretien.

S400 said...

”trump knows the numbers and the units of abstraction in his chosen field”

His chosen field was to be a politician and still is.

Peter Pan said...

Energy graph