Volts What's up with clean-energy supply chains and global trade?
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Apr 4, 2025 In this engaging discussion, Antoine Vagneur-Jones, head of clean energy, trade, and supply chains at BloombergNEF, dives into the complexities of global clean energy supply chains. He highlights China’s manufacturing dominance and the hurdles Western countries face in onshoring production. The conversation also tackles the unintended consequences of tariffs, the struggles of the solar and battery industries, and the pressing need for investment to reach net-zero goals amid geopolitical tensions. Vagneur-Jones provides a thought-provoking look at the future of clean energy technology.
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China's Overcapacity
- China's clean energy manufacturing overcapacity is driven by government subsidies, rapid technology cycles, and the need for economies of scale.
- Manufacturers face pressure to constantly reinvest and upgrade, even with low profit margins, to remain competitive.
Overcapacity Nuances
- China's overcapacity in clean energy isn't solely due to government subsidies; it's also influenced by internal competition and declining domestic consumption.
- The government is now trying to address overcapacity through industry coordination and stimulating demand.
Trade Flows Persist
- Despite a shift in rhetoric towards onshoring and protectionism, global clean energy trade flows continue to grow.
- This growth persists despite increased tariffs and trade barriers, suggesting these measures haven't significantly curbed trade.