Global tariff hikes are putting the brakes on economic growth across industries, but the renewable energy sector is weathering the storm better than most, according to Francesco La Camera, director-general of the International Renewable Energy Agency (IRENA). In an interview with CGTN, he explained that while higher trade barriers can dent business activity, clean energy investments remain comparatively sturdy.
“Tariffs depress economic growth across sectors but impact the renewable energy sector to a lesser degree,” La Camera said, noting that policy stability and long-term climate goals help shield green projects from some trade disruptions. He cautioned, however, that the pace of the energy transition could slow if protectionist measures persist.
Despite these headwinds, La Camera emphasized that the shift to renewables is unstoppable. “The transition itself is inevitable,” he underscored, pointing to global climate commitments and the falling costs of technologies like solar and wind. For young entrepreneurs, investors, and changemakers, the message is clear: adapt strategies to navigate tariff challenges, but stay focused on the clean energy roadmap.
Reference(s):
IRENA: Tariffs depress the economy but impact renewable energy less
cgtn.com
