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Excerpt from www.orfonline.org
China’s dominance over low-carbon energy technology value chains is unambiguous. China holds at least 60 percent of the world’s manufacturing capacity for most mass-manufactured low-carbon technologies such as solar PVs, wind systems, and batteries and 40 percent of electrolyser manufacturing (hydrogen production). China leads the world in renewable energy (RE) consumption and in solar and wind power generation with 30-35 percent share of the global total in each. Rather than recognising China’s contribution to the growth of RE’s global share, vital for addressing climate change, China’s investments and capacities in the low-carbon energy sector in general and the electric vehicle (EV) sector, in particular, are being portrayed as a security threat mostly by the United States (US) and its Western allies but also by some developing countries. This position is driven more by the threat to legacy automobile industries and domestic jobs and less by national security concerns.
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