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The EU "carbon tariff" has been passed, and it is expected to be implemented in 2023!

2022-03-18

On the evening of March 15, the EU carbon tariff (Carbon Border Adjustment Mechanism, CBAM) was approved by the EU Council. French President Emmanuel Macron announced the news on his personal social account. As the world's first proposal to address climate change in the form of a carbon tariff, it will have a profound impact on global trade.


Impact on our country

Analysts pointed out that the EU carbon tariff policy is expected to be implemented from 2023, which will have a significant impact on China's new energy industry, especially photovoltaic and wind power products. According to SolarPower Europe’s latest report, EU Solar Market Outlook 2021-2025, 2021 will be another record year for the European solar industry. In 2021, the EU estimates that 25.9 GW of new PV capacity will be connected to the grid, up 34% from 19.3 GW in 2020 and breaking the record of 21.4 GW in a decade.


According to institutional data, as the world's largest new energy R&D and manufacturing power, China will export 40.9GW of modules to the European market in 2021, a year-on-year increase of 54% compared to the previous year's 26.7GW. Benefiting from the trend of energy transition, Europe continues to maintain the largest module import market, accounting for 46% of the global market. The main countries include the Netherlands, Spain, Greece, Portugal, Poland and Germany, all of which have reached GW-level imports. The Netherlands is China's largest exporter, with a total annual volume of 23.8GW.


Compared with traditional energy sources, photovoltaic, wind power, and hydrogen energy are all secondary energy sources, which are not affected by materials, space, and resources, and because photovoltaic and wind power are already economical, especially in Europe, people of various countries use new energy sources. Willingness is high.


On March 8, SolarPower Europe's official website released information entitled "RePower EU with Solar: The 1TW EU Solar Pathway for 2030", showing that Frans Timmermans, Vice-President of the European Commission, proposed an energy strategy aimed at connecting Europe with Russia as soon as possible. Natural gas separates, while protecting citizens from painful and growing energy price shocks, Europe will have 1 TW of solar capacity by 2030. Previously, the "2021-2025 European Photovoltaic Market Outlook" released by Solar Power Europe showed that by the end of 2021, the cumulative installed photovoltaic capacity in Europe was 164.9 GW. If the European carbon tax is fully passed, the 1TW target will be achieved.




 
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