Moving away from conflict towards a clean energy future

Common ground provides the most stable foundation

None of the above statements suggest that the G7 should ignore concerns about Chinese overcapacity and market disruptions. An uncontrolled influx of subsidized products can weaken local industries, harm innovation and foster unsustainable economic dependencies.

China’s already surging steel exports, fueled by overcapacity, have already led to significant disruptions in global steel markets, affecting many domestic producers who are struggling to compete on trade, let alone work to meet transition targets.

However, trade discussions must focus on what unites us as well as what sets us apart. International cooperation is crucial for global decarbonization. Both China and the G7 have made significant investments in green hydrogen, a potentially hugely impactful source of clean energy. If these efforts are balanced and collegial, we will move forward quickly while ensuring that no single country dominates the market.

Confrontation rarely brings good results. When G7 leaders gather for this weekend’s summit, their goal should be to create an atmosphere of cooperation and mutual support. This will help develop fair and effective policies that promote sustainable development, while ensuring that all countries benefit from the clean energy transition.