China’s green tech revolution will outlast geopolitics with scale and cost: Arif Aga
Low costs, not geopolitics, will drive the global energy transition in the long run, industry consultant says
According to the renewable energy technical adviser, the vast scale of Chinese manufacturing and its rapid enhancement of technologies are the catalysts for the industry’s dramatic cost reductions.
“Geopolitics is a temporary thing. It is all about politics and politicians. Eventually things will be different,” Aga said in an interview this month.
“If any country has to scale up its renewable energy penetration to lower the carbon footprint, they have to have a dependency on a partner who has a long track record that would ensure projects are durable,” he said.
“Technological changes are happening at a very high pace. An established player will have an upper edge to meet the technological change requirements or embed the technological change design to the system.