In the face of the inevitable future we scramble around searching for answers. Answers to a problem that for unfortunate reasons is not being recognized by a large portion of the new world. The problem is clear, expensive and deadly. Climate Change will be the greatest challenge humanity will face in the modern era. Not only a challenge to our scientists and engineers, but to our politicians, to our business owners, and to our investors. As a population we will all be tested, tested to see what decisions will we make. Will we come together to logically define our appropriate solution for the future or will we turn to short term profits and political leverage.

TRUMP LOSES PROFITS AND JOBS FOR?

A tariff on imported solar panels has forced U.S. companies to cancel or freeze investments of more than $2.5 billion along with thousands of jobs. These investments were once viable solutions for businesses, attempting to not only grow and prosper but to help a fight against climate change. The solar industry was poised to take off and lead the conquest for renewable energy against fossil fuels. The  potential, not only to the environment, but to jobs, profits, and infrastructure was never realized. Trump turned to the profits associated with political leverage. The tariff was intended to support domestic manufacturing jobs for the future.

WHAT NEXT?

Although the U.S. will never be able to compete will the low prices of the Chinese labor market, the tariff has supported the manufacturing sector. Over time this can significantly raise U.S. solar panel production and reduce prices. Since the tariff panel manufacturers have announced to spend over $800 million on domestic construction creating about 700 jobs. On top of the increased production of panels the tariff itself will decline by 5 percent for the lifetime of four years. There is also a 30 percent tax credit that is being utilized by key developers.

Although, the tariff was a set back that halted the progress of the solar industry there is still room for growth and profit. The tariff decreasing and costs along with it, the increased production and the growing need for renewables will save the industry.

https://www.cnbc.com/2018/06/07/billions-in-us-solar-projects-have-been-shelved-after-trump-panel-tariff.html