Raising tariffs can put a damper on economic growth across many sectors, but the renewable energy industry might not feel the hit as hard. That’s according to Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA), who shared his insights in an interview with CGTN.
“Tariffs tend to slow down economies by making goods more expensive and limiting trade,” La Camera explained. “However, the renewable energy sector is somewhat shielded from these effects.”
He noted that while the pace of the global shift toward renewable energy might slow due to economic pressures, the transition is unstoppable. “Renewable energy is not just an environmental choice; it’s becoming the most cost-effective option,” he said. “Even if tariffs and trade barriers rise, the momentum toward clean energy will continue.”
La Camera emphasized that investing in renewable energy can help economies recover and grow. “Renewables create jobs, stimulate innovation, and provide energy security,” he said. “For countries in the Global South, embracing renewable energy is a pathway to sustainable development.”
Despite potential hurdles, the future looks bright for renewable energy. “The energy transition is inevitable,” La Camera concluded. “It’s up to us to navigate the challenges and accelerate the shift toward a cleaner, more sustainable world.”
