Does trade friction affect solar PV trade?
As a key renewable energy, solar photovoltaic (PV) trade also triggers to large-scale trade frictions. China, as the largest solar PV manufacturer and exporter, accounts for 80% of the global supply chain. Under this background, this paper takes China as a case, to assess the impacts of trade frictions on PV trades.
How did the US & EU trade war affect solar PV?
• The trade war of the early 2010s on solar PV initiated by the US and European Union (EU) triggered a major wave of bankruptcies in China that proved to be a temporary setback for the industry. China’s efforts to stimulate domestic PV deployment sustained the industry’s growth and drove rapid cost reductions for Chinese-manufactured modules.
How does global trade affect PV products?
The increasing demand for PV products has stimulated the flourishing PV trade within the context of global carbon neutrality and energy transition. Simultaneously, with the emergence of trade protectionism, global trade frictions based on discriminatory trade policies occur frequently.
What is the trade data of global PV products & China PV products?
The trade data of global PV products and China PV products from 2009-2022 are from the International Trade Centre (ITC) and China Customs Statistical Database (CCSD), with that of China PV products in 2022, which are not updated in time by ITC supplemented with CCSD.
Why is China a good location for solar PV equipment manufacturing?
• China’s competitive advantages in mass manufacturing make it the most cost-effective location for solar PV equipment manufacturing. Moreover, China already maintains a lead in crystalline silicon (c-Si) technologies.
Are tariffs affecting the global solar trade?
The threat of tariffs on countries that supplied more than $10 billion of solar products to the United States last year, accounting for the vast majority of domestic supplies, has caused a dramatic shift in the global solar trade.
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