On October 4, the European Commission’s proposal to impose anti-subsidy taxes on Chinese electric vehicles was approved. What impact will the EU’s actions of imposing tariffs and creating trade barriers have on the world economic order, and what consequences will it bring to Europe? “There is no way the world will achieve the Paris goals for reducing carbon emissions without the capacity of the Chinese renewable energy industry,” says Benedikt Sobotka, CEO of Eurasian Resources Group and co-chair of the Global Battery Alliance (GBA). China’s renewable energy technology is at such an advanced stage that it now holds sway on the industry globally. This may be particularly important for Europe, where low-carbon life reigns supreme.
