European industry stands at a critical juncture. On one hand, it faces growing challenges to safeguard its international competitiveness. On the other, the current energy crisis has once again exposed the vulnerabilities of Europe’s reliance on imported fossil fuels.
Decarbonising industrial processes through electrification can play a critical role in strengthening both the resilience and competitiveness of European industries. However, a range of enabling factors will be needed to drive and support this transformation.
Against this backdrop, Agora Energiewende, Agora Industry and IDDRI analysed current and future competitiveness gaps across different industrial sectors and assessed the specific role of power prices in the transition. Based on a technical analysis by consultancy Compass Lexecon, the think tanks outline policy recommendations to align decarbonisation with industrial competitiveness and resilience.
This webinar will present the main findings of the analysis, bringing together key stakeholders and policymakers in the context of the upcoming EU electrification action plan and initiatives under the EU’s Industrial Accelerator Act.
To reach a better understanding of the challenges and enabling factors needed to reconcile industrial competitiveness and electrification, Agora Energiewende, Agora Industry and IDDRI have developed a policy brief to:
Provide a better understanding of current and future competitiveness gaps taking into account the characteristics of different industries
Assess the specific role of electricity prices for industrial competitiveness and electrification
Define recommendations on how competitiveness, reindustrialization and decarbonization objectives can be reconciled through an adjusted policy mix
The policy brief is based on an in-depth analysis, developed with the support of Compass Lexecon. The underlying study analyses the cost-effectiveness of conventional and electrified processes in selected industries in Europe compared to competitors from the United States and China.
Following the publication of this new policy brief and the underlying study as well as a series of stakeholder events realized earlier, this webinar aims at presenting the key findings of the policy brief and the underlying quantitative assessment and to discuss it with the views of key stakeholders and policy makers in the context of the upcoming EU electrification action plan and initiatives under the EU’s Industrial Accelerator act.
