A major geopolitical and economic shift may be underway, as Chinese companies now have a dominant share of global energy output.

The Industrial Revolution was powered by coal, and economic success was enjoyed by the giant coal producing countries of England, Germany, and the United States. The 20th century saw the rise of crude oil that powered transportation and logistics, and the US furthered their lead while oil-producing countries rose in prominence.

China is building a renewables energy colossus, and already its top seven solar panel and power equipment producers comprise a larger share of global energy output that the Seven Sisters companies did in the previous century. If history repeats, and the balance of power shifts again to the country and regions that produce abundant, cheap power at scale for their consumers and factory sectors, it may be impossible to catch China.

Resources and links:

Story and data tip-off
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Bloomberg, Solar Power’s Giants Are Providing More Energy Than Big Oil
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Solve China’s ‘overcapacity problem’ by helping developing nations go green, central bank adviser urges
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White House statement and fact sheet, President Biden takes action to protect American workers and business from China's unfair trade practices
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EU pushing ahead on cleantech trade battle with China
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EU launches subsidy probe into Chinese solar PV firms
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Inside China Business, China's central bank wants Marshall Plan for clean energy to internationalize RMB, open new markets
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