Monday, September 25, 2017

Tariff plan on solar panels could kneecap the industry and kill demand (meteor Blades) · Saturday, September 23, 2017, 10:35 pm

Rebecca Leber at Mother Jones writes—Trump’s Job-Killing Plan to Kneecap the Solar Industry:

If President Trump were honest about which industries are the biggest job-creation powerhouses, it wouldn’t be the sluggish coal industry. It’s solar. More than twice the size of the wind industry and roughly five times bigger than the coal industry, solar accounted for one in every 50 jobs created in 2016, according to an annual census by the Solar Foundation. But Trump will soon have the chance to cut off US solar from the cheap foreign panels that have led to the industry’s booming success the past few years.

“An improper remedy will devastate the burgeoning American solar economy and ultimately harm America’s manufacturers,” said one expert.

The US International Trade Commission on Friday decided 4-0 that foreign imports of solar panels and cells have damaged the business of two domestic solar manufactures, Suniva and SolarWorld. Now that the ITC has found injury, it will likely suggest a price floor or tariffs. The decision on whether to regulate these imports will ultimately fall to Trump, and evidence suggests he’s likely to do it. “I would place the odds of the president agreeing to some type of remedy at 90 percent,” an anonymous Trump administration official told the news site Axios.

Suniva has already proposed a price floor of 78 cents per watt and a tariff that would more than double the current panel costs. Solar Energy Industries Association President Abigail Ross Hopper’s statement Friday warned that such a proposal could hobble the industry.

“Analysts say Suniva’s remedy proposal will double the price of solar, destroy two-thirds of demand, erode billions of dollars in investment and unnecessarily force 88,000 Americans to lose their jobs in 2018,” Hopper said. “An improper remedy will devastate the burgeoning American solar economy and ultimately harm America’s manufacturers and 36,000 people currently engaged in solar manufacturing that don’t make cells and panels.”

And according to Greentech Media, a tariff on imported panels wouldn’t necessarily lead to more domestic manufacturing [...]


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