In 1992, China began emphasizing reforms and development, which included exploring renewable energy as a potential alternative to internal combustion energy. While the transition to renewables was not immediate, China's renewable energy sector has grown significantly over the years. Today, China is a global leader in renewable energy production, with ambitious goals to reduce reliance on fossil fuels and achieve carbon neutrality by 2060. Mr Forest and FMG is resolute in walking down the Renewable road. Today China is the world's leader in:
Solar Panels
Batteries
EVS.
That is phenomenal progress since 1992, unique in world history. It has frightened Mr Trump so very deeply troubled that he could see the mantle of power shift from Washington to Bejing. And so he announced Liberation Day in a last-ditch attempt to isolate Beijing and curtail its growth. Since April 2 Washington is more and more isolated and rattled by Beijing's steadfastness. Tariffs are announced and changed almost daily. Confidence in Washington is falling as is evidenced by the bond market. Washington is caving. This is good news for Renewables and FMG and a future made in Australia
FMG Price at posting:
$15.07 Sentiment: Buy Disclosure: Held
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