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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The global diffusion of clean technology: China and the solar energy boom |
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| Authors |
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| Institution | University of Zurich |
| Series Name | Kühne Center Impact Series |
| Number | 04-23 |
| Number of Pages | 13 |
| Date | 2023 |
| Abstract Text | Adopting clean energy technology is crucial for reducing emissions and achieving global climate goals. In this Kühne Impact Series, we shed light on the importance of global diffusion of clean technology through international trade. In particular, we highlight China’s expansion in the solar energy sector and its role in bringing down the cost of solar energy worldwide. Our main result is that international trade and globally integrated value chains have dramatically reduced the global average cost of renewable technologies. Keeping markets open to trade is essential for enabling a low-carbon energy transition as it ensures that all countries benefit from the lower cost of clean energy technologies. Moreover, we highlight three potential challenges that represent considerable vulnerabilities for the global diffusion of clean technology: (i) the current geographical concentration in global supply chains, (ii) the US-China and EU-China “Solar Trade War,” and (iii) the global slowdown in high-quality solar energy inventions. |
| Official URL | https://www.kuehnecenter.uzh.ch/impact_series/2023_11_07-the-global-diffusion-of-clean-technology.html |
| Other Identification Number | merlin-id:24390 |
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