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The World Trade Organization's WTO and the International Renewable Energy Agency Irena have released an industry brochure highlighting the need for open trade policies and harmonized product standards to support the deployment of
solar photovoltaic (PV) technology.
The handbook states that by assisting in expanding solar trade, environmental objectives can be promoted and supported economic recovery
after the Covid-19 crisis.
Solar PV has become a pillar of a low-carbon sustainable energy strategy, with the cost of generating electricity from PV plants falling by 77%
between 2010 and 2018.
The globalization of the solar PV market has been a major factor driving down the price of technology, as manufacturers are better able to source goods and services
from competitive suppliers.
However, the manual notes that further support from trade policies and harmonized product standards is needed to further reduce costs and create jobs
in the solar PV sector.
While the average tariff on solar PV products is relatively low, there is still a big disagreement among WTO members, for example, some tariffs on photovoltaic panels are as high as 15%.
The handbook adds that consistency in product standards is also critical for the globalized PV market to facilitate safe and inclusive trade
in solar PV products and services.
International cooperation, from mutual recognition of standards and regulatory provisions in trade agreements to formal partnerships and regulatory harmonization, can help companies seize trade opportunities and enable governments to develop sustainable energy systems
.
The global renewable energy sector is expected to employ more than 40 million
people by 2050.
The World Trade Organization's WTO and the International Renewable Energy Agency Irena have released an industry brochure highlighting the need for open trade policies and harmonized product standards to support the deployment of
solar photovoltaic (PV) technology.
The handbook states that by assisting in expanding solar trade, environmental objectives can be promoted and supported economic recovery
after the Covid-19 crisis.
Solar PV has become a pillar of a low-carbon sustainable energy strategy, with the cost of generating electricity from PV plants falling by 77%
between 2010 and 2018.
The globalization of the solar PV market has been a major factor driving down the price of technology, as manufacturers are better able to source goods and services
from competitive suppliers.
However, the manual notes that further support from trade policies and harmonized product standards is needed to further reduce costs and create jobs
in the solar PV sector.
While the average tariff on solar PV products is relatively low, there is still a big disagreement among WTO members, for example, some tariffs on photovoltaic panels are as high as 15%.
The handbook adds that consistency in product standards is also critical for the globalized PV market to facilitate safe and inclusive trade
in solar PV products and services.
International cooperation, from mutual recognition of standards and regulatory provisions in trade agreements to formal partnerships and regulatory harmonization, can help companies seize trade opportunities and enable governments to develop sustainable energy systems
.
The global renewable energy sector is expected to employ more than 40 million
people by 2050.
