EU can't afford to close borders to PV imports from China

Green Forum
The European Union announced that it cannot afford to restrict the import of photovoltaic panels despite challenges faced by European producers in the industry, states Kadri Simson, the European Commissioner for Energy.  

While European photovoltaic manufacturers are seeking urgent support from Brussels due to the closure of some facilities, including the possibility of imposing trade restrictions on inexpensive Chinese imports, Simson dismissed the notion of import bans. She argued that such measures would hinder the EU's ability to meet its ambitious climate goals by limiting its access to necessary photovoltaic components. 

Simson emphasized the need to bolster the European photovoltaic industry while acknowledging the reliance on imported panels. Last year saw a record installation of photovoltaic capacities in EU member states, with the majority sourced from China, underscoring the significance of maintaining open trade channels for the industry.

Last year, EU member states installed record photovoltaic capacities, 40% higher than in 2022. Most components and photovoltaic panels came from China, in some cases accounting for 95%, according to data from the International Energy Agency.

Green Forum  |  20 June, 2024 at 8:04 AM