431. Eco-nomics: A green industrial policy for the next European Commission
- Author:
- Susi Dennison and Mats Engström
- Publication Date:
- 07-2024
- Content Type:
- Policy Brief
- Institution:
- European Council on Foreign Relations (ECFR)
- Abstract:
- The new European Commission will seek to improve Europe’s capacity to manufacture green technologies. Member states agree on this headline aim, but they are divided on how to achieve it and the level of priority to give it. Some member states want to double down on building an effective green industrial policy, others place greater priority on keeping down the costs of green technology and so believe that they need to continue to import some green technologies from outside Europe, at least for now. The EU can ill afford this diversity of approaches. To benefit from economies of scale, it needs to act as a bloc. To move the union beyond national approaches, the European Commission should spearhead a common strategic understanding of the challenge it faces, put in place a credible financial package for research and development for the next green technology wave, and prioritise a limited number of areas for innovation over the next decade.
- Topic:
- Industrial Policy, European Union, Green Technology, European Commission, and Green Transition
- Political Geography:
- Europe