GWEC Calls for Collaboration to Address Competition Concerns, Warns Against Trade Barriers
The Global Wind Energy Council (GWEC), the leading voice for the wind industry, acknowledged the European Commission’s investigation into Chinese turbine suppliers but stopped short of commenting on the specifics of the case.
However, GWEC emphasized the importance of fair and transparent trade practices in a statement released today. The council stressed that a level playing field for companies is crucial to achieve ambitious climate goals and expand wind energy use globally.
“Unnecessary trade frictions in the global wind supply chain could pose a risk to climate, energy security and just transition goals,” the statement warned. GWEC argued that trade restrictions could increase wind energy costs and hinder competition.
The council pointed to its recent report with Boston Consulting Group, which found that protectionist policies could lead to slower wind market growth and higher costs.
GWEC instead advocated for resolving competition concerns through collaboration between governments and industry. The statement highlighted the importance of “cooperative dialogue and evidence-based negotiation” in addressing such issues.
The council also expressed concern that trade restrictions could disproportionately impact developing nations, hindering a just and equitable energy transition.
GWEC concluded its statement by urging policymakers to prioritize incentives and supportive policies to accelerate wind energy deployment. The council argued that investment incentives and clear installation targets would create a more favorable environment for wind energy companies and supply chain development.
GWEC’s statement comes amid growing concerns about the affordability and speed of the global energy transition. With many regions falling short of wind energy targets, the council emphasizes the need for collaboration and a focus on supportive policies to achieve climate goals.