Does Europe Need to Become More Protectionist?

The European Union could be leaning towards a more protectionist stance when it comes to clean industry manufacturing, with policies such as import tariffs and domestic content targets under consideration. Would such protectionist measures help the domestic clean energy and electric vehicle sectors flourish? Today’s show brings you a panel from the BloombergNEF Summit Munich, in which Herbert Diess, Chairman of Infineon and The Mobility House; Jacek Truszczynski, Deputy Head of Unit - Net Zero Industries, Sustainable and Circular Products at the European Commission; Yann Vincent, CEO of Automotive Cells Company; and Håkon Volldal, CEO of Nel Hydrogen were led in conversation by Jon Moore, CEO of BNEF. They debated whether the European Union should follow the US in applying tariffs to Chinese imports, the inflationary risks that could arise should trade barriers go up, and the risks and potential benefits of allowing foreign markets to build clean-tech manufacturing plants in Europe. This episode of Switched On was recorded live at the BNEF Summit Munich. To learn more about BNEF’s Summits and to listen to more interviews, please visit https://about.bnef.com/summit/ Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.comSee omnystudio.com/listener for privacy information.