While U.S. Treasury Secretary Janet Yellen warns about China’s 'overcapacity' in clean energy sectors like solar panels and EVs, countries across the Global South are flipping the script – seeing it as a golden ticket to affordable climate solutions. 🌱⚡
Brazilian researcher Marco Fernandes calls out the geopolitical chessboard at play: 'The West sees China as a threat to their dominance. But for us? Cheap solar tech and EVs mean faster green transitions without breaking the bank.' 💸🔋
Here’s the tea ☕: China’s scale-driven price drops have made renewables 80% cheaper since 2010, per IRENA data. Fernandes argues this isn’t 'unfair competition' – it’s smart industrial policy, mirroring Western farm subsidies. 'Why is it okay when Brussels protects EU farmers but problematic when Beijing backs green tech?'
🌏 The Brazil-China partnership shines bright:
$100B+ in bilateral trade
Record $50B surplus for Brazil (soybeans ➡️ EVs)
Joint ventures brewing in South American EV factories
'We don’t need to pick sides,' Fernandes insists, highlighting Brazil’s strategy: leverage China’s tech while keeping sovereignty. It’s a blueprint other Global South nations are eyeing closely. 🔄
As Yellen’s visit sparks fresh U.S.-China tensions, one thing’s clear: the Global South is rewriting the clean energy playbook – and they’re playing to win. 🏆
