After the US Elections, Africa and Europe should Strengthen Partnership for Green Industrialization
Europe is energy scarce and will not be able to achieve its green industrialization goals through onshoring, Sébastien Treyer, Chukwumerije Okereke, and Elisabeth Hegee argue in their IDDRI blog post. As many African countries can offer the climate competitiveness that an energy-scarce EU lacks, it makes more sense to process industrial goods with high energy intensity processes in countries where energy is cheap and renewable, than to produce it in Europe with a high cost of energy. Green industrialization is hence an excellent basis for deepening the Africa-Europe partnership. The different starting points and means to handle these challenges need to be acknowledged to forge alliances in which Europe and Africa can become complementary partners in green industrial value chains. There is a window of opportunity for the EU to develop a stronger approach to green industrialization around an integrated industrial ecosystem between the EU and Africa with innovation on both sides.
https://www.iddri.org
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