China's Temporary Clean Energy Overcapacity Countered by Innovations and Global Climate Demand
• China has excess capacity in clean energy sector, but it is likely temporary as global demand for green transitions continues • Former Chinese officials rebut Western criticism about unfair trade practices and state subsidies distorting clean energy markets • Chinese solar firms gained expertise and dominance through own technological innovations and cost controls • Facing overcapacity and market saturation, more Chinese firms should tap potential markets abroad • EU restrictions on Chinese imports would slow green transition and climate change efforts which need more renewable energy capacity