Adam Posen, President of the Peterson Institute for International Economics, talks about what to expect from President Trump’s meetings with President Xi Jinping of China this week.
In four years, the Chinese EV carmaker has sold almost 250,000 electric and plug-in hybrid vehicles in the country, with the goal of being the No. 1 car seller there by 2030.
China had more than a billion barrels of crude oil in reserve when the war in Iran disrupted the market. The country has also spent years diversifying its energy sources and accelerating electrification.
The war in the Middle East has shaken global energy markets over the past few weeks. Given the volatility of fossil fuels, could this be the push countries need to invest more in renewable energy?