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By C. P. Colum and Lea Booth in collaboration with The Blind Spot. Last August, in an amalgamation of ‘The Green New Deal’ meets ‘Build Back Better’, President Joe Biden’s Inflation Reduction Act gifted the renewables industry with billions of dollars worth of taxpayer-funded subsidies. What few backing the bill realized was that the largest beneficiary would likely be China due to its expansive grip on the global solar photovoltaic (PV) industry.
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