Saturday, November 25th, 2017

Solar Tariffs Aid U.S. Firms, But Not the Environment

Under fire for its proposal to force energy producers to cut their carbon emissions by 30 percent by 2030, the Obama administration made a less-noticed decision on Tuesday that favored business interests over environmental protection. The administration announced that it would impose expensive tariffs on some solar panels being imported from China, a move that will add between 18 and 35 percent to the panels’ cost. The move comes amid evidence that the use of solar energy in surging in the U.S. A detailed report from the investment bank Barclays demonstrated that a combination of better battery technology and cheaper solar panels was making carbon-free electrical power cost-effective for consumers.


Speak Your Mind

Questions or comments? We'd love to hear from you!