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Based on benchmark regression analysis, the results indicate a significant positive correlation between green trade barriers and the trade volume of photovoltaic products, suggesting that green trade barriers have facilitated
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The global PV trade patterns Empirical studies predict that a shock that hits anywhere would be transmitted throughout the trade network (Prusa, 1997). Accordingly, the impact of trade protection on Chinese PV export will inevitably transmit to global PV trade patterns.
The results show that about 20 billion dollars of PV products, account for 22.66% of China's overall PV export, deflected to new markets from 2012 to 2016. Both local and destination spillovers are conducive for Chinese PV exports to deflect to countries without extra tariffs.
China's PV products increasingly export to the US, Germany, Italy, and Australia before 2011. After 2011, the exports to the US and the EU experienced a negative growth while exports to Japan, India and Brazil increased dramatically, indicating the negative impact of trade barriers.
Policymakers should consider exchange rate levels, language environments, CO2 emissions and renewable energy consumption when formulating green trade barrier standards to better support the competitiveness and export growth of Chinese photovoltaic products in the international market.
Zhu et al. (2021) examined the impact of both internal and external forces on China’s solar PV export during 2007–2016, and found that trade protectionism and some non-tariff barriers inhibit China’s PV exports.
Specifically, green trade barriers have a positive impact on the export of photovoltaic products in countries with higher exchange rates and different official languages, whereas their impact is insignificant or negative in countries with lower exchange rates and the same official language.
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