DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6e9a71/renewable_energy_t) has announced the addition of GlobalData's new report "Renewable Energy Trade Imbalance - Will WTO Scanner Revive the Situation?" to their offering.
Growth in Renewable Energy Market
Renewable energy sources will play a much greater role in the global energy supply in this century compared to conventional energy sources. The urgent need to combat global climate change has been one of the main factors behind renewable power expansion. Under the 1997 Kyoto Protocol, OECD (Organization for Economic Cooperation and Development) member states are committed to cut their Greenhouse Gas (GHG) emissions by an average of 5.2%. Renewable energy expansion worldwide has been driven by government policies to encourage renewable energy. These incorporate a range of financial incentives including investment grants, premium tariffs, local content requirements, import tariffs and renewable energy targets with the aim of making a contribution towards the reduction of GHG emissions. Energy supplies derived from renewable energy are currently undergoing a phase of expansion worldwide. The share of renewable sources in the total global installed capacity was 4.9% in 2009.
Renewable Policies Supporting the Domestic Markets
The domestic content requirements imposed in China in 2006 boosted its renewable energy sector considerably. It resulted in increased foreign investment as well as the setting up of local renewable energy equipment facilities. In 2009, China overtook the US to lead investments in the global clean energy sector, with an investment of approximately $34.6 billion. This increase in Chinas renewable energy investment was mainly due to the restrictions imposed by Chinas government relating to domestic content requirements, which restricted the developed markets in exploring Chinas emerging market.
The local content encouraged major market players from developed countries to invest in Chinas renewable market. The market share of Chinas domestic players also increased due to joint ventures with foreign players to supply renewable energy equipment for the upcoming renewable power facilities in the country. With local manufacturers focusing on export markets and to improve trade relations with other nations, the government has excluded this local content restriction from the Chinas maturing renewable power market. However, Ontario and India followed this growth market strategy of China with the introduction of a domestic content requirement in its wind and solar power sectors. Besides, the US also implemented Buy American Act for government procurement of products for public projects in varied sectors, including renewable energy.
The US, European Union (EU) and Brazil also encouraged their domestic biofuels market by imposing trade restrictions on imports. The trade restrictions were in the form of import tariffs, advalorem taxes and so on. The EU indirectly restricted the entry of biofuels produced in tropical countries. In this context, international trade in biofuels is being hampered and governments are discouraging competition in their domestic market by restricting the entry of foreign players.
Scope
- The report details the WTO agreements being violated by the renewable energy policies globally.
- The report details the local content policies of China, Ontario (Canada), India and the US.
- The report details about the US and Japan WTO allegations against Chinas and Ontarios local content policies, respectively.
- The report also covers the major impact of the local content policies on Chinas wind energy market, Ontarios wind and solar PV market, Indias solar power market and Canadas exports to the US.
- The research provides detailed export-import restrictions imposed by China, the US, Brazil and the EU.
- It covers details about Brazil and Indonesia WTO allegations expected to be raised against the US and the EU, respectively.
- It also covers the detailed analysis on the impact of export-import restrictions on the international bioethanol and biodiesel trade.
Reasons to buy
- Identify key growth and investment opportunities in the global and regional renewable energy market.
- Position yourself to take advantage of the industrys growth potential
- Identify key strengths and weaknesses of major market participants by understanding and respond to companys business structure, strategy and prospects
- Facilitate decision-making based on strong historic and forecast data
- To understand the potential & projections for growth rate & capacity addition in global and key countries
- Gain the most up to date and in-depth information on the WTO allegations against renewable energy policies globally
- Develop strategies based on the latest operational and regulatory events
Key Topics Covered:
1 Table of contents
2 Introduction
2.1 Growth in Renewable Energy
2.2 Direct Subsidies and Stimulus Announcements
2.3 Key Trade and Investment Agreements under WTO
2.4 Report Guidance
3 Local Content Requirement Issue
3.1 China Local Content Requirement Issue
3.2 Ontarios (Canada) Local Content Requirement Issue
3.3 Indias Local Content Requirement Issue
3.4 The US Local Content Requirement Issue
4 Export Import Restriction Issue
4.1 Export Import Restrictions Imposed by China
4.2 The US and Brazil Conflict
4.3 The European Union Conflict Related to Biodiesel Trade with the US and Tropical Countries
5 Appendix
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