Trade protection measures increase pressure on energy transition and supply chain stability
Wang Yichen, Journalist and Columnist in Energy, Economic Daily
The target to increase installed renewable energy generation (agreed to in the Global Renewables and Efficiency Pledge) provides a fresh investment opportunity for the global new energy industry and injects new vitality to economic recovery. It also poses a significant challenge to supply chain security. Currently, there is a rise in trade protection measures against new energy equipment. Such actions will only increase the global cost of energy transition and intensify supply chain risks. It is essential for countries to jointly uphold supply chain stability with a more open and inclusive mindset, thereby facilitating the energy transition. At the same time, to ensure a smooth transition in the energy structure, the development of grid facilities and power supply regulation should not lag behind.
