The European solar industry faces a crisis due to fierce competition from Chinese companies.
The European Commission is expected to make a statement regarding potential support measures.
This situation highlights the broader challenges of global market dynamics in renewable energy sectors.
Key quote:
“We might lose a majority of the European industry in the next couple of months if there's no strong political signal.”
— Johan Lindahl, secretary general of the European Solar Manufacturing Council
Why this matters:
This development underscores the delicate balance between fostering domestic industries and navigating global trade dynamics. It's particularly significant for health and environmental policy, as the solar industry plays a key role in Europe's transition to renewable energy.
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