How will green protectionism affect global energy transitions?

Green protectionism, where countries impose trade barriers on foreign green technologies, could slow down global energy transitions. By restricting the import of renewable energy technologies, such as solar panels and electric vehicle components, it can create inefficiencies, raise costs, and hinder innovation. While designed to protect domestic industries, green protectionism risks fragmenting global supply chains and limiting access to cost-effective solutions. This could lead to a slower, more expensive transition to clean energy, particularly for developing nations that depend on affordable imports. A cooperative, open market approach is crucial for accelerating global decarbonization efforts.