The Indicator from Planet Money
Why the EU is investigating China's wind turbines
Apr 10, 2024
The European Union is probing the low prices of Chinese wind turbines, questioning the role of unfair subsidies in this competitive landscape. Margrethe Vestager discusses the EU's efforts to foster a robust green tech industry while navigating challenges from China's market. The implications for global trade and environmental policies are significant, especially as the U.S. also grapples with its climate strategies. The conversation highlights the need for collaboration and innovative approaches to promote sustainable energy solutions.
09:27
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Quick takeaways
- The E.U. is investigating Chinese wind turbine subsidies to address unfair competition in green tech industries.
- The European Commission introduced the Foreign Subsidies Regulation to ensure fair competition and prevent market distortions.
Deep dives
Investigating Chinese Wind Turbines
The European Union's Antitrust Commissioner announced an investigation into Chinese wind turbines, questioning if their low prices were due to unfair subsidies that could harm European competitors. This investigation reflects concerns about China's dominance in green tech industries and the challenge of balancing decarbonization efforts with supporting European tech companies.
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