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Much of the World's Solar Gear is Made Using Fossil Power in China

1 week 2 days ago
China "accounts for more than half of global coal use," reports Asia Times, "even as it builds the world's largest solar-panel and EV industries." Much of the world's solar gear is made on fossil power. The International Energy Agency finds that "coal generates over 60% of the electricity used for global solar PV manufacturing," far above coal's ~36% share of typical grids. That is because over 80% of PV factories sit in Chinese provinces like Xinjiang and Jiangsu, where coal dominates the grid. China has poured over $50 billion into solar factories since 2011, roughly ten times Europe's investment, cutting panel costs by about 80% and fueling a worldwide solar boom. But those panels were produced on coal. In one analysis, they repay their manufacturing CO2 in only months, meaning the emissions were dumped up-front in China's coal plants. Any major disruption to China's coal power or factories (from grid shocks to trade barriers) could thus send ripples through the global PV market. China's coal and heavy industries also feed its clean-tech supply chain. Coal-fired steel mills supply the aluminum and metal parts for EVs and panels, and coal chemicals provide battery precursors and silicon for solar... At the same time, Chinese oil and gas giants (CNPC, Sinopec) have set up solar, wind and battery divisions, redirecting fossil profits into green ventures. Another interesting statistic from the article: "In Thailand, Asia's long-time auto hub, Chinese EV brands now command more than 70% of EV sales." Thanks to Slashdot reader RossCWilliams for sharing the news.

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EditorDavid

Bitcoin Hits an All-Time High of $118,000, Up 21% for 2025

1 week 2 days ago
Bitcoin "vaulted to a fresh all-time high Friday, breaking above $118,000," reports Yahoo Finance: Year to date, the token is up roughly 21%, buoyed in part by crypto-friendly policies from the Trump administration, including the establishment of a strategic bitcoin reserve and a broader digital asset stockpile... "At the heart of this rally lies sustained structural inflows from institutional players," wrote Dilin Wu, research strategist at Pepperstone. "Corporates are also ramping up participation," he added. The analyst noted companies like Strategy and GameStop have continued to add bitcoin to their balance sheets. Trump Media & Technology Group this week also filed for approval to launch a "Crypto Blue Chip ETF", which would include about 70% of its holdings in bitcoin. The timing of bitcoin's breakout also comes days before Congress kicks off its highly anticipated "Crypto Week" on July 14. Lawmakers will debate a series of bills that could define the industry's regulatory framework... The GENIUS Act is among the regulations the House will consider. The bill, which recently passed through the Senate, proposes a federal framework for stablecoins. "After jumping above $118,000 on Thursday, technical analyst Katie Stockton, founder and managing partner of research firm Fairlead Strategies, believes bitcoin is on track to reach $134,500, about 14% higher than current levels," writes Business Insider . It's not just bitcoin that's jumped this week. Other cryptos are surging as well. Ethereum has rallied over 16% in the past five days, and as DOGE rose 8% in the last day alone... Additionally, over $1 billion in short positions were liquidated in the last 24 hours as the price of bitcoin surged and traders were forced to close their positions, [said Thomas Perfumo, global economist at crypto Kraken].

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EditorDavid