Reconciling the European Union’s Clean Industrialisation Goals with Those of the Global South
Two thirds of the energy products consumed by European industry come from oil products, natural gas and coal – most of which are imported from the Global South. Green European industrialisation involves substituting these imports for new industrial processes powered by green energy. Europe’s future industrial competitiveness will depend on the price of this green energy suggest Ben McWilliams, Simone Tagliapietra, and Jeromin Zettelmeyer in their
Bruegel article. They argue that if European industry is to maintain or regain its competitiveness, imports of energy-intensive intermediate inputs will need to play a much greater role than currently recognised.
https://www.bruegel.org
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