21 Mar '12, 5am

U.S. Slaps Tariff on Chinese Solar Panels

It's a well-known story to those who follow clean energy affairs: A few years ago, China began aggressively subsidizing its solar panel manufacturing industry. With its economy less hindered by the global recession, the nation pumped tens of billions of dollars into the sector. The result, as we know now, yielded a double-edged sword: The cost of solar panels plummeted, making them more affordable the world over. But U.S. and European manufacturers struggled to compete with the economic giant, and China's solar blitz brought a wave of bankruptcies for domestic companies. Solyndra was the most high-profile victim. So, in an effort to protect domestic solar manufacturers, the Obama administration has announced it will impose a small tariff on solar panels imported from China. Here's the New York Times : The Commerce Department said on Tuesday that it would impose tariffs on ...

Full article: http://www.treehugger.com/energy-policy/us-slaps-tariff-c...

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