Biden – Xi agreement plays right in the hand of Beijing, one of the biggest producer of “green energy” infrastracture. and owner of rare-earth elements crucial in the production of batteries.
U.S. energy experts are expressing concerns about the economic and national security implications of President Biden’s recent agreement with China to transition away from fossil fuel production toward green energy. The pact, announced by the State Department, outlines a commitment to accelerate the shift from coal, oil, and gas to renewable sources like wind and solar power. While the agreement covers various sectors, including power, industry, buildings, and transportation, critics worry about its potential impact on U.S. consumers. Additionally, skepticism arises due to China’s historical non-compliance with international accords, and experts highlight the financial advantage China holds in the global green energy supply chain.
The deal emphasizes an increased deployment of renewable energy in both nations through 2030, raising concerns about the dependence on Chinese-made renewables, which dominate the market.
