China has heavily subsidized its solar power-related manufacturing industries, investing $17.4 billion from 2010 through 2024, while OECD countries have only invested $3.9 billion over the same period. The price of electricity generated by solar panels has dropped by more than 90% during this time. In 2024, China supported over 500 gigawatts of output, with the U.S. and Europe deploying nearly $150 billion worth of solar power. Solar was the most subsidized industry, with $21 billion representing almost a fifth of the total value over the 2010 to 2024 period. The article also emphasizes the urgent need to address the pressing challenge of managing a warming climate that poses significant harm to humanity, with Americans dying from coal and gas air pollution as a result of solar panel bans, contributing to a global death toll climbing to millions.
https://www.pv-magazine.com/2026/06/22/the-worlds-magical-21-billion-investment/