Should the EU protect European firms by restricting imports of solar technology from China? Drawing on new research, Pia Andres finds that Chinese competition has resulted in many European firms going out of business, but some of those that have survived have adapted by innovating more intensely.
Renewable energy is key to enabling the transition to a low carbon economy. It should therefore be good news that the cost of generating electricity from solar power has declined dramatically in recent decades, exceeding even the most optimistic forecasts and enabling solar to effectively compete with fossil fuels.
Pia Andres
14 October 2024
LSE EUROPP
https://blogs.lse.ac.uk/europpblog/2024/10/14/how-chinas-rise-has-shaped-innovation-and-exit-among-europes-solar-firms/
This work is published under POID and the CEP's Growth programme.