Isn't the American complaint that China did exactly that by subsidizing its solar industry and flooding the global market with panels cheaper than Americans could make?
Responding to your edit: A wider version of the same argument might apply. The US has (historically) benefited considerably from global stability and this does seem to help with that because if basically everybody has energy independence and the overheating doesn't get much worse they might chill the fuck out?
China is, it's subsidies have resulted in a glut of cheap solar panel production which the world has benefited from. European counties subsidise their own citizens switch to solar, the US no longer does at the federal level.