Presentation
This Study analyzes the industrial policies pursued in 10 countries (Germany, China, South Korea, Spain, the United States, France, Italy, Japan, Poland and Sweden) and the European Union, assesses their potential in terms of sustainability and transformation of the global economy, and highlights the possible tensions and risks of fragmentation between regions and economic blocs. On this basis, it identifies a series of key recommendations to ensure the success of the European Union's Clean Industrial Deal.
This Study comes with 11 national and regional case studies:
Key Messages
The EU should take action across the following areas:
- Maintain clarity on decarbonization and develop an ambitious circular economy agenda: Uphold the long-term decarbonization course to anchor investment expectations and integrate material efficiency and circularity directly into the industrial strategy to differentiate the EU in the global economy, strengthen supply security, drive decarbonization, and create new economic activities.
- Enhance EU-level coordination on industrial policy through the creation of sectoral and technological roadmaps to prioritize essential clean value chains.
- Complete the policy mix to secure investments in Europe: Mobilize substantial additional funding for industrial transformation to cover the investment shortfall, while also accelerating electrification and utilizing lead markets and targeted EU preferences to stimulate demand for green products.
- Implement proactive just transition policies by increasing the scale and scope of just transition initiatives to anticipate transformation, identify opportunities based on comparative advantages, and address the redistributive impacts of structural change in old industrial regions.
