Protectionist Shadows over Solar Power
Negotiators have now reached a settlement in the EU's anti-dumping dispute with China. The solution, under which China will ensure a minimum price for the solar panels that it exports to Europe, is much less severe than EU import tariffs would have been; nonetheless, it is a bad outcome for consumers – and for the environment.
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CAMBRIDGE – As July ended, a settlement was reached in the world’s largest anti-dumping dispute, with China agreeing to a minimum price for the solar panels that it exports to the European Union. The solution is much less severe than what had been the imminent alternative: EU tariffs on Chinese solar panels were set to rise to 47.6%, as a result of the European Commission’s “finding” that China – whose market share now stands at 80% in Europe – had been “dumping.” Nonetheless, the settlement is a bad outcome for consumers – and for the environment.