The Impacts of Global Trade Wars on Wind Turbine Production and the Renewable Energy Sector: Case Study of Goldwind and GE Renewable Energy
DOI:
https://doi.org/10.5281/zenodo.10813122Keywords:
Global Trade Wars, Wind Turbine Production, Renewable Energy Sector, Goldwind and GE Renewable EnergyAbstract
This study employs a comparative analysis approach to examine the effects of global trade wars on the renewable energy sector, with a specific focus on comparing the experiences of leading wind turbine manufacturers, Goldwind and GE Renewable Energy. In recent years, escalating trade tensions and protectionist trade policies have had the potential for significant repercussions on the growth of the renewable energy industry.
This research explores the direct impacts of trade wars on wind turbine production and their effects on supply chains from a comparative perspective. Additionally, it analyzes how major players in wind turbine production and the renewable energy sector have coped with and adapted to these challenging circumstances through a comparative lens.
The findings indicate that global trade wars can potentially slow down the growth of the renewable energy sector and increase costs. However, it is essential to note that these wars have also encouraged renewable energy producers to strengthen local supply chains and transition towards more sustainable production models.
By utilizing a comparative analysis approach, this study provides valuable insights into the complex effects of global trade wars on the renewable energy sector and how the industry can adapt to future challenges.
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