Chinese-made solar panels incur twice the environmental costs of their European counterparts, according to a new study. The world’s race to the bottom of panel manufacturing has a downside many greens won’t like to acknowledge.

Beijing is about to hit a landmark moment that wasn’t included in any of its Five Year Plans: the first default in its domestic bond market. This dubious milestone comes, perhaps unsurprisingly, courtesy of one of the country’s struggling solar producers.