China's $18 billion for solar subsidies is less than 1/3 of the extra $55 billion that Americans have spent on gas and diesel due to high prices from Trump's war in Iran. USA is wasting its resources on fossil energy. And the waste keeps rising: iranwarcost.watson.brown.edu
@adamtooze.bsky.social
Tracks the extra cost paid by U.S. consumers for gasoline and diesel since the Iran conflict began on February 28, 2026, compared against a no-war counterfactual baseline.
'The real surprise from the OECD’s subsidy numbers is that it cost China less than $18bn in sectoral support over 15 years to build an industry that can now provide more clean power than the world can readily absorb.'
@adamtooze.bsky.social @financialtimes.com
www.ft.com/content/b6ca...
www.ft.com
Clean power is within our reach — yet factories sit idle