IEA projects more trade in clean-energy equipment despite tariffs
Its current-policy scenario puts net trade in key technologies at $620 billion by 2035.
Manufacturers responded to higher tariffs in 2025 by bringing shipments forward, building inventories and delaying some investments, the International Energy Agency says in its 2026 technology outlook. The agency found that countries with substantially higher tariffs accounted for about 15 percent of global gross imports of clean-energy technologies that year.
The IEA projects that the value of net trade in the key technologies it tracks could rise from $290 billion in 2025 to $620 billion by 2035 under stated policies.
The scenario reflects existing and announced policy settings. The report notes that other changes, including lower commodity prices and support for domestic production, have already offset some of the cost effects of tariffs.
