On Wednesday, the Commerce Department levied tariffs from 18 percent to 240 percent on solar panels imported from China. At best, this silly policy will increase the price of electricity in America; at worst, it could be the first salvo in a harmful trade war.
Renewable energy sources like solar and wind power are expensive and unreliable, so they cannot compete with conventional energy sources in the electricity market. Instead, demand for green energy is established by Soviet-style production quotas, known as renewable energy standards. More than 30 states have enacted such standards, which force consumers to use increasing amounts of green energy.
The cheapest way to achieve these solar energy consumption mandates is to import Chinese solar panels, due to the simple fact that solar panels manufactured in China are cheaper than solar panels manufactured in America. By adding an import tax on Chinese solar panels, the Obama administration is making electricity more expensive for citizens subject to renewable energy quotas.
Read more at GlobalWarming.org. By William Yeatman.