Why the EU is investigating China's wind turbines
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 10 April 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
On today's episode, we speak with Margrethe Vestager, the European Commissioner for Competition, about how the E.U. is trying to build and maintain a competitive green tech industry in the face of low-price Chinese imports. And we ask how the U.S.'s climate industrial policy fits into all this action.
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Transcript
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| 0:00.0 | NPR. |
| 0:17.0 | Yesterday in a speech at the Institute for Advanced Study in Princeton, New Jersey, the European Union's antitrust commissioner announced an investigation into Chinese wind turbines. |
| 0:24.0 | We're investigating the conditions for the development of wind parks in Spain, in Greece, in France, in Romania and in Bulgaria. |
| 0:32.0 | The question she was asking wasn't whether they were faulty or bad value for the money. |
| 0:37.0 | No, the question basically was, are the wind turbines too cheap? |
| 0:41.6 | More specifically, has China played unfairly by subsidizing its wind turbines |
| 0:46.0 | to the points of pushing out its European competitors. Or are they just more efficient and |
| 0:50.9 | have a cheaper supply chain? In the case of at least one |
| 0:53.7 | BID electric vehicle that largely seems to be the case according to the bank UPS. |
| 0:59.2 | Either way you can look to the dominance of Chinese solar panels to see why the EU's |
| 1:05.8 | Anti-Trust Commissioner is concerned. |
| 1:11.0 | All of this raises a fundamental dilemma that both the European Union and the |
| 1:15.1 | Biden administration in the US are facing. They want to decarbonize as fast as |
| 1:19.9 | possible, but they also want to build their own green tech industries. |
| 1:25.4 | This is the indicator from Planet Money, I'm Wailin Wong. |
| 1:28.1 | And I'm Darren Woods. |
| 1:29.1 | Today's show, my conversation with that EU Commissioner for Competition, Margreta Vessaire. |
| 1:35.6 | We learn about how the European Commission is trying to build and maintain a competitive green |
| 1:40.6 | tech industry in Europe and how this might apply to the US. |
| 1:49.0 | Support for this podcast and the following message come from Wise, the app that makes managing your money |
| 1:54.6 | in different currencies easy. With Wise, you can send and spend money internationally at the |
| 2:00.7 | mid-market exchange rate, no guesswork, and no hidden fees. |
... |
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