More than 20,000 leaders from business, government, the UN, and civil society will gather for the UN’s largest corporate sustainability event to elevate.
Read more about China Stocks extend fall on Thursday on Business Standard. At closing bell, the benchmark Shanghai Composite Index fell 0.36%, or 12.93 points, to 3,584.21. The Shenzhen Composite Index, which tracks stocks on China s second exchange, dropped 0.34%, or 8.26 points, to 2,392.64. The blue-chip CSI300 index
Read more about China Market ends higher on Business Standard. At closing bell, the benchmark Shanghai Composite Index advanced 0.41%, or 14.69 points, to 3,615.48. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 1.1%, or 26.27 points, to 2,419.76. The blue-chip CSI300 index
Workers install solar panels at a photovoltaic power station in Hami in northwestern China’s Xinjiang Uyghur Autonomous Region on Aug. 22. (AP Photo)
BEIJING The Biden administration’s solar power ambitions are colliding with complaints the global industry depends on Chinese raw materials that might be produced by forced labor.
A big hurdle is polysilicon, used to make photovoltaic cells for solar panels. The global industry gets 45 percent of its supply from Xinjiang, the northwestern region where the ruling Communist Party is accused of mass incarceration of minorities and other abuses. Other parts of China supply 35 percent. Only 20 percent comes from U.S. and other producers.
May 24, 2021 Share
BEIJING The Biden administration’s solar power ambitions are colliding with complaints the global industry depends on Chinese raw materials that might be produced by forced labor.
A big hurdle is polysilicon, used to make photovoltaic cells for solar panels. The global industry gets 45% of its supply from Xinjiang, the northwestern region where the ruling Communist Party is accused of mass incarceration of minorities and other abuses. Other parts of China supply 35%. Only 20% comes from U.S. and other producers.
Biden’s climate envoy, John Kerry, says Washington is deciding whether to keep solar products from Xinjiang out of U.S. markets. That sets up a conflict with President Joe Biden’s plans to cut climate-changing carbon emissions by promoting solar and other renewable energy while also reducing costs.