competition
Newsletter
European Union silent amid looming crisis in solar sector
In response to the intensifying competition from state-backed Chinese firms, the EU is contemplating emergency aid for its solar industry.
In short:
- The European solar industry faces a crisis due to fierce competition from Chinese companies.
- The European Commission is expected to make a statement regarding potential support measures.
- This situation highlights the broader challenges of global market dynamics in renewable energy sectors.
Key quote:
“We might lose a majority of the European industry in the next couple of months if there's no strong political signal.”
— Johan Lindahl, secretary general of the European Solar Manufacturing Council
Why this matters:
This development underscores the delicate balance between fostering domestic industries and navigating global trade dynamics. It's particularly significant for health and environmental policy, as the solar industry plays a key role in Europe's transition to renewable energy.
With solar leading the way, clean energy capacity growth is helping the planet avoid billions of tons of carbon dioxide emissions each year
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