China has made unique contributions to global environment protection and green energy development through large-scale production of advanced solar panels and electric vehicles (EV), said Joseph Stiglitz, a Nobel Economic Prize laureate.
China's effort to provide affordable solar panels and EVs is saving the planet. Instead of expelling Chinese products, western countries should devote efforts to learn from China and invest in more research in these sectors, said Stiglitz during an interview with China Global Television Network (CGTN).
"I think China's contribution in getting lower prices of solar panels and low-cost EVs is a major contribution to saving the planet. They succeeded in advancing technology. That is of global public good. I think, again, it's important for Western countries to have that technology. There could be a transfer of technology, but that doesn't happen right now. So, they have to develop that technology on their own," said Stiglitz.
Stiglitz pointed out that the U.S. government's "small yard, high fence" policy advocates for unfair competition, which is hurting the industry.
"The way they're going about it – through protectionism – I think it's the wrong way of doing it. What they should do is support research, support efforts to put the universities and private companies to produce more efficient EVs, more efficient solar panels. Let's have a competition to produce the best solar panels, not protectionism," said Stiglitz.
China benefits global environment with affordable solar panels, EVs: Nobel laureate
China benefits global environment with affordable solar panels, EVs: Nobel laureate
