In December last year, Chinese solar panel billionaire Li Zhenguo addressed the UN climate change conference in Dubai, promising a “benevolent and equitable” energy system to support the world’s decarbonisation.
“The opportunities for everyone to contribute to the fight against climate change through renewable energy solutions are boundless,” Li said.
But three months later, the founder of Longi Green Energy Technology has been forced into retreat as a result of a global supply glut, firing thousands of factory workers and new office staff as the industry grapples with a collapse in prices. In China, the lay-offs have sparked criticism of the company’s corporate culture.
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