Spain doesn't rule out tariffs on imports of solar products

  • 📰 News24
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 80%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Spain's acting Energy Minister Teresa Ribera did not rule out imposing tariffs on imports of materials used in solar power generation.

Spain's acting Energy Minister Teresa Ribera on Tuesday did not rule out imposing tariffs on imports of materials used in solar power generation despite industry warnings that disrupting supplies of products from China could hamper Europe's ability to rapidly install clean energy.

"We are currently in a complex scenario where we have to find the most appropriate point of equilibrium," Ribera said, when asked about possible tariffs. She added that some products imported into Europe were"probably priced below cost", which hit industry there and could stymie innovation. "Spain considers that we have to guarantee that balance ... We have to make sure that this industrial value chain does not disappear from Europe," the minister said at a solar industry event in Madrid, without directly mentioning China.

Ribera's comments come as Brussels and European governments weigh tougher action on imports while seeking to expand clean tech manufacturing in Europe and reduce the reliance on China for products needed for the green transition.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Defy will produce appliances that run on solar energyThe largest home appliance producer in the nation, the Defy manufacturing unit, is planning to produce appliances that run on solar energy.
Source: TheSAnews - 🏆 25. / 59 Read more »

Solar pricing alternatives for business are now adding impetus to South Africa’s energy revolutionAs South Africans continue to face the burden of power challenges, the adoption of solar photovoltaic (PV) solutions has reached unprecedented levels.
Source: mybroadband - 🏆 11. / 67 Read more »

Solar pricing alternatives for business are now adding impetus to South Africa’s energy revolutionAs South Africans continue to face the burden of power challenges, the adoption of solar photovoltaic (PV) solutions has reached unprecedented levels.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa’s Just Energy Transition faces resistance, hurdlesAllaying the fears of the coal-mining communities and pushing for the requisite reforms are two key stumbling blocks.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

Energy transition at risk from commodity market fragmentation: IMFGrowing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday. The IMF called for greater cooperation to negate the risks of commodity market fragmentation on the energy transition.
Source: brieflyza - 🏆 10. / 68 Read more »