• 3 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 5 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 6 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 7 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 8 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 9 hours Rosneft Signs $400M Deal With Kurdistan
  • 11 hours Kinder Morgan Warns About Trans Mountain Delays
  • 18 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 23 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 1 day Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
Canada Aims To Solve U.S. Nuclear Woes

Canada Aims To Solve U.S. Nuclear Woes

Canada is bidding to replace…

Over 1,000 European Companies Call for an End to Solar Trade War with China

Over 1,000 European Companies Call for an End to Solar Trade War with China

The European Commission has recently launched an anti-dumping and anti-subsidy investigation against Chinese solar manufacturers following a series of complaints from European solar manufacturers.

Depending on the outcome of the investigation it is possible that the EU could impose import tariffs on all Chinese solar panels, much like what happened in the US.

Customs officials have even been told to keep a precise record of all imported solar panels from China in order to calculate retrospective tariffs to be levied against imports that occurred before the rule was given, that is if it is ever decided to impose the tariffs at all.

Related article: Solar Industry Finally Producing More Energy than it Consumes

European solar manufacturers would welcome the decision to impose tariffs on imports, hoping to recapture lost market initially stolen by the artificially low prices of Chinese imports. On the other hand, European installers and purchasers of solar technology worry that any imports would cause solar prices to rocket, and reduce the demand in the market; leading to a slowdown in the development of the technology, and the loss of numerous jobs across the industry.

This fear has led the Alliance of Affordable Solar Energy, a group consisting of over 350 companies, to write a letter to the European Trade Commissioner Karel De Gucht, and signed by 1,024 companies, warning of negative impacts of trade tariffs, as listed above. The letter also suggests that the European solar manufacturers are struggling, not due to Chinese competition, but because of over-capacity in the market.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News