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Bloomberg
Solar firms in China fell after a $2 trillion US economic plan with crucial climate provisions suffered a potentially fatal setback in Congress.
Trina Solar Co fell as much as 7.7% and Longi Green Energy Technology Co slipped as much as 3.3% in Shanghai. The Build Back Better Act, rejected in a surprising decision by Senator Joe Manchin, would have included a record $550 billion for climate measures in the US, the world’s second-biggest market for renewable energy after China.
“This is our last, best chance to tackle the climate crisis,†said Lori Lodes, executive director of clean energy lobbyist Climate Power.