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The Power of Presidents—Even Trump—Is Nothing to the Power of Clean Energy Revolution
Ten years from now, Donald Trump will be remembered ruefully as our country’s very own King Canute, who used the full force of presidential power in a failed, futile effort to halt the tides of technological change.
Jun 20, 2025
He lived over 1,000 years ago, but King Canute’s life still has some important lessons for our own time. After conquering England, Denmark, Norway, and part of Sweden, he forged a vast North Sea empire that made him, by the year 1030, the greatest of all the Viking kings. At that peak of power, he ordered his courtiers to place a throne on the seashore. There, according to a contemporaneous account, he shouted at the rising tide: “Thou, too, are subject to my command, as the land on which I am seated is mine and no one has ever resisted my commands with impunity. I command you then not to flow over my land, nor presume to wet the feet and the robe of your Lord.”
But the tide, of course, kept rising and waves soon washed over the legs of his royal person. Stunned and chastened, Canute leapt backwards, saying, “Let all men know how empty and worthless is the power of kings.”
In our time, specifically on January 20, 2025, Donald Trump, who had vanquished his rivals, took office with full control of Congress, making him an exceptionally powerful president. On that day, he ordered his courtiers to set up an executive desk at the Capital One Arena in downtown Washington, D.C. There, before waves of cheers from MAGA-capped supporters, he commanded that the U.S. quit the Paris climate accord, announcing: “We are going to save over a trillion dollars by withdrawing from that treaty.”
In March, despite Donald Trump’s many prohibitions, wind and solar surged to 25% of the U.S. electrical supply, and when combined with other forms of “clean energy” like hydropower, already generated 51% of the country’s total electricity output, surpassing fossil fuels for the first time.
Retiring to the Oval Office, he then signed another executive order eliminating “the electric vehicle (EV) mandate” by ending “unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs over other technologies.” More broadly, that decree also removed any barrier to the development of “domestic energy resources—with particular attention to oil, natural gas, coal, hydropower… and nuclear energy resources.”
Like King Canute before him, President Trump was attempting to do nothing less than command the tides to recede. Not the ocean tides, of course, but the no less powerful tides of economic and technological change. For the United States, and indeed the world, is at the cusp of a new industrial revolution in the way we live and work that will, within the coming decades, do nothing less than save humanity from the rising threat of global warming.
America’s Energy Transitions
To grasp the full import and unstoppable power of this impending change, let’s take a moment to place our current era in its historical energy context. Over the past 500 years, as I argued in my book To Govern the Globe, human life has been transformed by three great revolutions in the basic energy infrastructure that drove the global economy and shaped all human life on this planet.
Starting in the 16th century, European nations forged the world’s first maritime empires through technologies that maximized the power of nature’s raw energy. In the era’s first technological advance, Portugal’s agile sailing ship, the caravel, used multiple sails to master the winds and thereby conquer sea lanes from the South Atlantic to the South China Sea. Somewhat later, the Dutch district at Zaan (near Amsterdam) became the world’s first dedicated industrial zone, where 150 powerful windmills cut logs into low-cost lumber for shipyards that would build the world’s largest merchant fleet with 4,000 ships on the high seas. Starting in the 15th century, Portugal combined water mills with massed teams of enslaved laborers on the island of São Tomé off the coast of Africa to create a new form of agribusiness, the fazenda or sugar plantation, whose phenomenal profitability—achieved by using cruel coercion to push the energy output of the human body beyond its natural limits—soon led to the spread of slavery to Brazil, the Caribbean, and the American colonies.
During the 19th century, Britain’s coal-fired industrial revolution brought an energy transition that would move the world quickly beyond the wind and muscle power of the previous four centuries. Steam engines started powering factories in 1786, riverboats in 1810, railways in 1829, trans-Atlantic steamships by the 1830s, and the British Royal Navy’s warships by the 1840s. Meanwhile, Britain’s coal production soared from just 9 million tons in 1800 to a peak of 292 million tons in 1913. By the 1850s, an armada of steam engines was transforming the nature of work worldwide—powering factories, driving sawmills, threshing grains, husking rice, pulling gang plows, and crushing sugarcane. Coal-powered construction equipment sculpted the Earth’s surface, as steam shovels (patented in 1839) moved mountains, steam dredges (1844) cut canals, and steamrollers (1867) flattened roadways. Between 1880 and 1900, the number of steam engines in the United States tripled from 56,000 to 156,000, accounting for 77% of all the power that drove this country’s first industrial revolution.
That era of coal-fired energy, for both steam engines and electrical generation, lasted for nearly a century until it, too, began to fade during the 1950s before the power of petroleum. Even on the eve of World War II, when the United States produced two-thirds of the world’s petroleum, oil accounted for only one-third of its energy supply and just 10% of that of other industrial societies like Europe and Japan. However, as American automobile ownership climbed from 40 million units in 1950 to 213 million in 2000, oil consumption surged from 6.5 million barrels daily to a peak of 20 million barrels. By the time the 1973 Organization of the Petroleum Exporting Countries (OPEC) oil embargo roiled American life, with gas lines of angry motorists wrapping round the block in cities across the country, oil accounted for 46% of total energy needs in the U.S., 60% in Western Europe, and an overwhelming 73% in Japan.
The Seeds of Change
After those three energy transitions over the span of 500 years, the world is now at the cusp of a fourth great transformation that will indeed prove critical for humanity’s survival. Energy from coal and oil may have freed the world from the curse of slavery and brought unprecedented prosperity to millions, but burning all that carbon also carried the threat of climate change. As early as 1896, Swedish physicist Svante Arrhenius published the world’s first report on global warming, predicting with uncanny prescience that a continued increase in carbon (CO2) emissions would raise “the temperature in the Arctic regions… about 8-9°C.” Between the Rio Earth Summit that finally recognized the problem in 1992 and the United Nations Climate Change Conference in Paris in 2015, where 195 nations signed an agreement to limit CO2 emissions, the world started a fitful and initially unsuccessful transition to alternative energy.
At the outset, it seemed as if governments were trying to force a shift to alternative energy that carried high costs for questionable results. Solar panels were expensive then and their energy output was low. The few electric-powered cars cost a relative fortune and couldn’t go very far. By 2016, the climate issue had also become bitterly partisan, with the first Trump administration banning the federal government from any mention of climate change while trying desperately to save coal-fired electrical plants and introducing 74 executive actions to weaken environmental protections.
Now that technology has resolved so many of the cost constraints holding back the world’s transition to alternative energy, it’s possible to grasp the shape that America’s new industrial revolution is likely to take within a decade or even less (no matter who is the president of the United States).
But as had happened during the world’s earlier energy transitions over the past 500 years, technological innovation was already fusing with economic rationality to catalyze a phenomenally powerful transformation in the world’s energy infrastructure. After solar and wind power began spreading across the globe around 2000, engineering innovation and economies of scale began making alternative energy not only ever more affordable but also ever more efficient. Between 2010 and 2019, the cost of solar power fell by 82% from $0.37 per kilowatt hour to just $0.05. By 2020, the International Energy Agency, known for its rigorous analysis, reported that the world’s best solar schemes already had the “cheapest… electricity in history.”
By the time Joseph Biden took office in 2021, the tides of technological change were just starting to turn. In a bid to ride that tide, the Biden administration invested a massive $1 trillion in “clean energy”—including semiconductor manufacturing ($446 billion), clean power ($188 billion), and electric vehicles ($182 billion).
Despite all the Biden-Harris election hype about factories built and jobs created, the gains for the country’s energy infrastructure were still… well, distinctly incremental. By the end of Biden’s term in December 2024, wind and solar had inched up to just 17% of U.S. electrical generation, though they had finally passed coal, that dirty fuel left over from the horse-and-buggy era, which fell to a historic low of 15%. Simultaneously, however, natural gas surged to a record 43% of the U.S. energy supply, meaning that carbon was still king. Compared to Norway where a proliferation of 400 chargers for every 100,000 Norwegians has allowed EVs to hit 90% of new car sales, even leading American states like California still only have a pathetic 46 chargers per 100,000 population—a key reason EVs still account for just 8% of this country’s new auto sales.
But beneath such dismal statistics, by the end of Biden’s term there were also some significant signs of deep, underlying change. In September 2024, an industry group reported that solar energy, which had been four times more expensive than fossil fuels in 2010, was now less than half the cost (56% lower) than them.
Portents of a New Industrial Revolution
Despite all the political (and climate change) pyrotechnics of Trump’s tumultuous first months in office this year, those deeper processes of technological change have continued their ceaseless, mechanistic march toward transformation. Indeed, in recent months there have been some telling signs—veritable portents—that we are indeed at the cusp of a transition to alternative energy of sufficient power to drive a new American industrial revolution. Let’s read the tea leaves.
In April, the first driverless 18-wheeler “robotruck” appeared on a U.S. highway, delivering refrigerated goods along Interstate 45 in Texas. In May, Elon Musk announced the debut of Tesla’s “cyber cab” service in Austin, Texas, with 10 driverless trial cars that are expected to lead to the deployment of “hundreds of thousands of robotaxis across the U.S.” Lending substance to that claim, Alphabet’s competing Waymo taxi service announced in May that its paid driverless rides had doubled to 10 million in the previous five months, launching the company on “a path to profitability.” Within days, China’s top EV car maker BYD had dropped a “price bombshell” by slashing the sticker price on its top-selling Seagull subcompact to an amazingly low $7,700—and that, mind you, is for a brand-new sedan loaded with self-driving features and able to travel a 200-mile range on a single charge. These days in America, it would be hard to beat that price with any sort of gas-powered car, even, say, a 2012 Honda Civic with 150,000 miles on the clock.
But perhaps most important, in March, despite Donald Trump’s many prohibitions, wind and solar surged to 25% of the U.S. electrical supply, and when combined with other forms of “clean energy” like hydropower, already generated 51% of the country’s total electricity output, surpassing fossil fuels for the first time. “This is a first signal,” explained energy analyst Nicolas Fulghum, “that the U.S. is approaching a tipping point where clean power takes the lead over fossil generation, and where the importance of coal and gas inevitably starts to fade.” Indeed, just this month, the authoritative International Energy Agency announced that the “global energy investment scene is changing fast,” with two-thirds of this year’s $3.3 trillion investment in energy production slated for “renewables” (such as wind and solar), double the amount for fossil fuels.
The Shape of the Future
If that impending transformation follows the pattern of history’s past transitions, technology and the global economy are about to achieve a sudden, silent synergy that will unleash not just a tide but a veritable tsunami of socioeconomic change. To cite some past examples, within the 15 years after George Stephenson launched The Rocket, a steam locomotive with an average speed of just 13 miles per hour in 1829, Britain covered the country with 2,200 miles of rail lines, transforming English life and work. And in the 10 years after 1907-1908, when Henry Ford upgraded the mass production of his Model-T motorcar, the price for it dropped steadily from $850 to just $260 while the number of automobiles registered nationwide soared from 140,300 in 1907 to nearly 5,000,000 in 1917, putting America on the road to becoming a petroleum-powered nation on wheels.
Now that technology has resolved so many of the cost constraints holding back the world’s transition to alternative energy, it’s possible to grasp the shape that America’s new industrial revolution is likely to take within a decade or even less (no matter who is the president of the United States). After rendering high-cost fossil fuels largely obsolete by 2035, solar and wind power, backed by storage farms equipped with new safer technologies like sodium-ion batteries, will create a reliable electrical grid, cutting the country’s basic energy costs by well over half and sparking a proliferation of innovation.
In the decades to come on our interstate highways, the left lanes will undoubtedly be filled with endless packs of a dozen or more electric-powered, driverless 18-wheelers, drafting six feet apart. They will be guided by uninterrupted digital signals transmitted from fiber optic cables laid down along the median strip, slashing both fuel consumption and transport costs. Those semi-trailer platoons will be headed for massive distribution depots that are likely to ring American cities, large and small. From them, drivers will be dispatched with robot-packed loads for the delivery of foodstuffs and consumer goods direct to individual households. Those truckloads will also include things like factory-produced complete kitchens and bathrooms for on-site installation at mass-assembly construction sites—slashing costs and making housing once again more affordable for working Americans.
Since an EV is simply a steel box housing a battery, for about $9,000 an American family will be able to purchase a brand-new, self-driving sedan with a 600-mile range from a single 10-minute charge, providing maintenance-free transportation for a typical monthly fuel cost of about $35. With the electrical grid generating cheap solar power, every urban hub will be connected to its suburbs by electrical rails and to its own neighborhoods by electrified mass transit. Once downtown, commuters will move about easily, freed from the stress and cost of parking by fleets of robotaxis that will move quickly through inner-city streets no longer jammed with private cars. Their only competitor for curb space will be the flotilla of delivery vehicles whose drivers will circulate ceaselessly about the city, fulfilling same-day orders.
With the world’s lowest cost for critical inputs of energy and transportation, combined with the most extensive grid of fiber optic cables, the United States will hold the pole position in the ceaseless race for international competitiveness. Once modern history’s fourth great transformation takes hold and that new energy infrastructure is in place, productivity, profits, and global power will soon follow on a far healthier and cooler planet. With domestic transport costs but a fraction of those for international shipping, the economic logic of “nearshoring” will become inescapable, making “Made in the USA” compellingly economical and creating countless new jobs that could strain the country’s labor supply.
Oh yes, and I almost forgot: all that technology will, of course, be emissions-free and so will bring America close to net-zero carbon emissions well before the 2050 date mandated by the 2016 Paris climate accord.
America’s King Canute
Ten years from now, Donald Trump will be remembered ruefully as our country’s very own King Canute, who used the full force of presidential power in a failed, futile effort to halt the tides of technological change that, by then, will have launched this country headlong into the world’s new industrial revolution.
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Why Save for Retirement If You'll Be Living in a Climate Hellscape?
Only by making investments in climate resilience and clean energy can asset managers like BlackRock truly protect the retirement savings of everyday Americans.
Jun 03, 2025
Every spring, Larry Fink, CEO of the world's largest asset manager BlackRock, publishes his annual letter to investors, often heralded as an indicator of where the financial industry is headed. This year, Fink focused on the need to "democratize" investing by giving regular people more access to invest in private markets, meaning businesses outside of stock exchanges.
Fink argued this move would not only help more people save more money for retirement, but that these investments are necessary to help meet the growing need for financing for the infrastructure and energy needs of the future. Unfortunately, his take on the energy needs of the future is concerning, emphasizing fossil fuel pipelines and infrastructure and AI data centers, while casting doubt on renewables.
Democratizing investing is a noble goal, but Fink's annual letter misses a key point: A secure retirement isn't just about the money you save, it's about retiring into a world you want to live in, with healthy communities and a livable climate. By failing to encourage investments that help facilitate the transition to a clean energy economy and create green jobs, BlackRock's efforts will undermine the long-term success of our financial markets and threaten the ability of everyday Americans to retire with dignity. If asset managers like BlackRock truly want to help people retire, they must uplift investments that increase returns for individuals AND help build a future where everyone thrives.
America's Investment Landscape
In pushing forward BlackRock's agenda on private markets, Fink's annual letter conveniently ignores two critical realities.
The first is the growing problem of economic inequality in the United States. The difficulty so many Americans face in reaching their saving and investing goals has less to do with limited access to private markets, and more to do with our egregious income divide. Right now, the top 1% holds nearly as much wealth as the bottom 90%. Helping more people be financially secure in retirement begins with investing in our communities and climate solutions to help create green jobs so that more people have the resources they need to save.
The second is the growing need for financing for, and opportunities to invest in, climate resilience and the clean energy transition. This includes everything from renewable energy infrastructure to disaster-proof buildings and climate-resilient farming.
True retirement security comes not only from individual savings, but from living in a world where our investments foster a safe and thriving future for all.
Estimates show global investments in clean energy must reach $4 trillion annually by 2030 to hit global climate goals. Although this goal may seem huge, reaching it is necessary to prevent much larger losses to our economy. By 2050, without further action, climate damages could permanently shrink economic output by 20%, cost $38 trillion annually, and slash global stocks by 50%. This translates to trillions of dollars lost annually due to extreme weather, damaged infrastructure, and lower productivity. Alongside these widespread economic losses, retirement savings would take a major hit. In other words, failing to invest in the transition to a clean energy economy will make our communities—and our savings—much worse off.
Instead of focusing his annual letter on private markets, Fink should have focused on the investments necessary to support the long-term financial security and peace of mind for the millions of people he claims he wants to help save for retirement. Only by making investments in climate resilience and clean energy can asset managers like BlackRock truly protect the retirement savings of everyday Americans.
Financial Security Goes Beyond the Numbers
Retiring with dignity is not merely about having the financial security to live comfortably. It's also about the broader environment in which people live and age, which is something Fink apparently forgets. It's not only about having investment portfolios that can weather climate-related risks, but about having thriving communities and flourishing economies to retire in: cities with liveable temperatures, modern buildings, and plentiful clean energy, and people with access to good jobs, quality education, and affordable housing.
Financial security isn't just about having a diversified portfolio and a comfortable nest egg—it's intricately linked to the health of the environment. Ignoring climate risks jeopardizes the well-being of future retirees and the communities they call home. True retirement security comes not only from individual savings, but from living in a world where our investments foster a safe and thriving future for all.
To truly democratize investing, asset managers like BlackRock must direct their investment strategies to support climate resilience and the clean energy transition and provide prosperity for all Americans, within individual portfolios and beyond.
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Tesla Has Same Problem as Big Oil: Its Time Has Come
In the end, despite major victories for the fossil fuel industry in recent days, Elon Musk's very bad week shows there's possibly a much brighter future ahead for the rest of us.
Mar 22, 2025
It must have seemed like a huge week for the fossil fuel industry: as the Wall Street Journal put it yesterday (and you could sense the headline writer’s glee), “The fossil fuel industry gets its revenge on green activists.”
The oil-and-gas industry is landing blow after blow against climate activists.
The Trump administration has cranked out approvals of major projects to ship liquefied natural gas from the Gulf Coast and killed a host of climate-related initiatives. Meanwhile, Texas billionaire Kelcy Warren has won a nearly $700 million verdict against Greenpeace that could spell the end of the group’s U.S. presence.
Hell, the Trump administration is trying to resurrect coal, and in what’s doubtless considered a back-slapping prank around the West Wing it just named a fracking executive to run the Department of Energy’s renewables office. Meanwhile, Musk’s vandals fired the quite brilliant chief scientist at NASA, doubtless because her work involved protecting the planet’s climate—Katherine Calvin was, among other things, the head of Working Group III of the Intergovernmental Panel on Climate Change, so good sport to Jackie Robinson her.
All of this is deeply stupid and damaging. And yet, despite all that, there must have been a few shivers that ran down the spines of both Elon Musk and oil executives last week when they read a piece of news from China.
Here’s the story, as told by Bloomberg. Chinese automaker BYD (their slogan, at least in English, is ‘Build Your Dreams”) announced on Tuesday that its new cars—available in April for $30,000 if you’re in a place where you can buy one—will recharge in five minutes. Or, roughly, the time it takes to fill your tank with gasoline.
From “more features for no more price” and “smart driving for all,” BYD can now add “charging as fast as refueling” to its marketing slogans, potentially helping it to capture more share from legacy automakers and more direct rivals like Elon Musk’s Tesla Inc.
How did they do this? Here are a bunch of words I don’t fully understand:
BYD cites its “all liquid-cooled megawatt flash charging terminal system.”
In addition, to match the ultra-high power charging, BYD has self-developed a next-generation automotive-grade silicon carbide power chip. The chip has a voltage rating of up to 1500V, the highest to date in the car industry.
In tandem, BYD on Monday launched its flash-charging battery. From the positive to the negative electrode, the cell contains ultra-fast ion channels, which BYD says reduces the battery’s internal resistance by 50%.
There’s also a mass-produced 30,000 RPM motor. Luo Hongbin, BYD senior vice president, said the motor “not only significantly boosts a vehicle’s speed, but also greatly reduces the motor’s weight and size, enhancing power density.”
But I can translate it into English. BYD did not waste its time giving Nazi salutes. It didn’t buy a social media platform so it could make obscure marijuana jokes and make fun of poor people. It didn’t devote itself to helping a nincompoop win the presidency and then decide it would be exhilarating fun to fire a bunch of government workers. Instead, BYD did, you know, engineering.
It’s gotten so bad that even true believers like Dan Ives, one of Tesla’s biggest shareholders, have suggested Musk might want to go back to, you know, work.
It must sting for Musk to watch that kind of progress, especially on a week when he had to recall all 46,000 cybertrucks (and thus disclose for the first time that he’d only sold 46,000 cybertrucks) in order to keep them from dropping parts on the road. It turns out they’d stuck the trim on the plug-ugly things with the wrong glue—now they’re going to replace it with an adhesive that is “not prone to environmental embrittlement.” When owners drive their sad vehicles back to the dealers for repairs (not during a rainstorm, because that apparently causes rusting), they’ll likely encounter one of the hundreds of protests that have broken out across the country. (I confess to being quite proud of my sign at our local demonstration last Saturday)
It’s gotten so bad that even true believers like Dan Ives, one of Tesla’s biggest shareholders, have suggested Musk might want to go back to, you know, work. I mean, Musk has cut the value of his company in half in the last couple of months. But never fear—last night he assembled the company’s workers for a pep talk. Robo-taxis coming soon! As they have been since 2016!
But if the BYD announcement was a reminder that Musk is a poseur, the deeper threat probably comes for Big Oil. Because if you can put 400 kilometers worth of juice in a car in five minutes, the last even slightly good reason for buying an internal combustion vehicle vanishes. Yeah, you still need a fast charger—and BYD is building 4,000 of them across China. But it feels like writing on the wall: Chinese demand for gasoline dropped in 2024, and analysts see it going down almost five percent a year between now and 2030. As the International Energy Agency explained last week,
Electric vehicles currently account for about half of car sales in China, undercutting 3.5% of new fuel demand in 2024... China has been providing subsidy support to purchases of so-called “new energy vehicles” (NEVs) since 2009, promoting its automotive manufacturing industry, and reducing air pollution. A trade-in policy, introduced in April 2024 and expanded in 2025, continues to drive growth in China’s EV sales. Meanwhile, highly competitive Chinese automakers are also making gains in international markets.
America’s oil companies decided they could make more money from fossil fuel than from embracing renewables—they’ve decided to let the Chinese win the solar energy battle, reckoning that they can use their political power to keep the world hooked on hydrocarbons. In some ways it’s working—they helped buy Trump his presidency and he’s giving them what they want. In particular, he’s been shaking down foreign countries to buy more of their Liquefied Natural Gas to avoid tariffs.
But oil is a global commodity, and the perfect example of marginal pricing. If China is going to be using less gasoline—well, the price of oil is going to drop. That’s bad news for American producers—as Trump’s biggest industry fundraiser Harold Hamm explained
U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high $60s, for a “drill, baby, drill” boom, oil tycoon and Trump campaign donor Harold Hamm told Bloomberg last week.
“There are a lot of fields that are getting to the point that’s real tough to keep that cost of supply down,” Hamm told Bloomberg Television in an interview.
The fracking revolution is wearing down—wells are sputtering towards empty faster than expected, and if prices are depressed it will make less economic sense to drill baby drill, no matter what our new king demands. As David Wethe and Alix Steel reported his week
Shale operators are slowing production growth after years of drilling up their best locations. At this week’s CERAWeek by S&P Global energy conference in Houston, executives for some of the largest US shale companies forecast US oil production will peak in the next three to five years.
I’m beginning to think you can imagine a world where the U.S. builds tariff walls around its borders, prevents the easy development and spread of technology like EVs and heat pumps, and manages to become an island of internal combustion on an increasingly electrified world. That’s a depressing vision, though nowhere near as depressing as the U.S. imposing that vision on the rest of the world, something that’s going to get harder: if you were any other country (Canada, say) would you tie yourself to the U.S. for any critical product? If you had a choice? And everyone has a choice, because the sun shines and the wind blows everywhere. As the economists at IEEFA said this week, even the expensive “just energy transition partnerships” with emerging Asian nations may survive Trump’s desertion.
Given the current U.S. administration’s priorities and ambitions to “drill, baby, drill” for oil and gas, the withdrawal from JETP can be viewed as favorable for the energy transition. The program’s complexities and transformative potential demand the involvement of a “coalition of the willing.” The original countries (including the European Union), private sector partners, and philanthropies still support JETP and want to realize the mechanism’s potential. In the case of Indonesia, Germany has quickly stepped in to fill the U.S.’s vacated leadership role. Japan has reaffirmed its co-leadership role and remains committed to Indonesia’s USD20 billion JETP. Despite the U.S. exit, critical financing and support for the program remains.
Here’s a great interactive map from the New York Times of what the solar and wind boom looks like from outer space. It shows the burst of development in China—but also Turkey. And it doesn’t even capture the small-scale home by home and factory by factory spread of solar that seems to be speeding up exponentially over the last year.
It may even be hard to stomp out all this goodness here at home. Case in point: the Utah (!) legislature this week became the first in the country to (unanimously!) pass a law enabling “balcony solar,” the small-scale arrays that brought solar power to a million and a half German apartments last year.
The legislation exempts these systems from several requirements:
- No technical interconnection requirements.
- No technical interconnection agreement.
- Utilities cannot mandate approval, charge fees, or require additional controls or equipment beyond what is integrated into the system.
Plug and play, baby!
Indeed, if you want a sign for the future, here’s one: Chinese authorities are pulling back on a plan to let BYD build a new car plant in Mexico. Why? Because they’re afraid that people like Musk—an unimaginative pol, not an engineering genius—will steal their cool new tech.
Those respective authorities in China fear that BYD’s advanced (and in many cases, leading) technology could more easily end up in the possession of US competitors through Mexico, as the US neighbors to the south would gain unrestricted access to the Chinese automaker’s technology and production practices. Those powers went as far as to suggest that Mexico could even assist the US in gaining access to BYD’s technology.
It’s bad news for America that our country has lost its technological edge. It may be good news for the planet, though.
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