{"id":79824,"date":"2023-10-03T02:43:25","date_gmt":"2023-10-03T02:43:25","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/03\/proposed-tariffs-on-imports-for-solar-spells-trouble-for-europe\/"},"modified":"2023-10-03T02:43:25","modified_gmt":"2023-10-03T02:43:25","slug":"proposed-tariffs-on-imports-for-solar-spells-trouble-for-europe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/03\/proposed-tariffs-on-imports-for-solar-spells-trouble-for-europe\/","title":{"rendered":"Proposed tariffs on imports for solar spells trouble for Europe"},"content":{"rendered":"

Europe\u2019s solar industry says <\/strong>tariffs <\/strong>are a \u201close-lose strategy\u201d: <\/strong>Europe\u2019s solar power industry is urging policymakers not to impose tariffs on imports amid concerns that disrupting supplies from China could hamper Europe\u2019s efforts to install clean energy, Reuters<\/a> reported on Monday. \u201cTariffs are not a good answer to the current challenges in the European solar industry,\u201d said Gunter Erfurt, Board Director at industry group SolarPower Europe. \u201cInstead of sanctioning the entire industry through tariffs, we must incentivize solar installations that originate from resilient European solar production. This way, the deployment of solar energy can continue undisturbed while European solar manufacturing can grow steadily,\u201d Erfurt added. Such tariffs on solar would be a \u201close-lose strategy\u201d for the industry, SolarPower Europe said.<\/p>\n

The policymakers\u2019 rationale: <\/strong>The worries by Europe\u2019s solar industry come as European governments and Brussels seek tougher controls on imports in a bid to slash dependency on China for the green transition.<\/p>\n

India auctioning critical minerals in pursuit of renewable targets<\/strong>: <\/strong>India plans to sell off 20 critical minerals blocks as it works to achieve its 450 GW 2030 renewable energy plan and cut down on import dependency, The National<\/a> reports. India had discovered 5.9 mn tonnes of lithium reserves in the Jammu and Kashmir region earlier this year. The blocks include lithium, cobalt, chromium, copper, and nickel, and are located in many states. The auction will be open to domestic as well as international companies and is expected to generate interest from both electric vehicle (EV) manufacturers and battery manufacturers.<\/p>\n

Falling solar costs could alleviate Bangladesh's energy woes<\/strong>: <\/strong>Bangladesh's energy crisis, driven by heavy reliance on fossil fuels, could find relief due to declining solar power prices, BloombergNEF<\/a> reported. By 2025, solar power alone is expected to be the most cost-effective energy source in the country, the report reads. By the end of the decade, the combination of solar and batteries is projected to outcompete new coal and gas power plants, providing an opportunity for Bangladesh to reduce its carbon footprint despite state plans for continued fossil fuel-based power generation.<\/p>\n

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