STRASBOURG — Europe should protect its share of market from global competitors’ investment in green tech, Commission President Ursula von der Leyen said Wednesday.
Von der Leyen said European Union leaders will discuss the issue during their Thursday summit.
“The clean transition is in full swing,” she said during a debate in the European Parliament, pointing out how every year, hundreds of gigawatts of energy are added globally. “Cleantech markets around the world are booming,” including batteries, wind turbines and electric cars. “The rise in cleantech in Europe is also good news for energy security, and it is a great economic opportunity,” she added.
Yet, she warned, Europe in the past missed out on chances to lead on green industry, with the loss of solar panel industry to more competitive Chinese companies being “a cautionary tale that we must not forget.”
“Europe was a global leader in solar, but heavily subsidized Chinese competitors started to outprice Europe’s young industry — and today, China controls 90 percent of the global market.”
“This time, we should learn our lesson,” she added, name-checking the Middle East and the “Global South” as regions competing for their spot in the global industrial green tech race.
The European Commission expects renewables and other forms of clean energy to supply 50 percent of energy globally, while the cleantech market is projected to grow from €600 billion to €2 trillion over the next 10 years.
The EU wants to capture 15 percent of the global production of clean technologies, with the EU market growing to €375 billion by 2035, according to Commission projections.
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