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Blueprint

A green industrial policy for Europe

This Blueprint examines how the European Union can develop a coherent green industrial policy that will serve the goals of the European Green Deal.

By: and Date: December 17, 2020 Topic: Energy & Climate

This Blueprint has been produced with the financial support of the European Climate Foundation.

The European Green Deal aims to make Europe the first climate-neutral continent by 2050. This is not going to be an easy journey. To be successful, the European Green Deal will have to foster major shifts in the European industrial structure, including transitions from fossil fuels to renewable energy and from combustion engine cars to electric cars. Shifting economies from brown to green would be a major, historic socio-economic transformation.

In this context of broad, paradigmatic, change for European industry, a ‘green industrial policy’ will be fundamental to Europe’s climate change ambitions. But what is green industrial policy? What market failures must it address? Unlike traditional industrial policy, green industrial policy must be directed to twin goals of climate protection and social welfare. Green industrial policy initiatives in the European Union so far, however, have been piecemeal and fragmented. This Blueprint examines how past mistakes can be avoided and how the EU can develop a coherent green industrial policy that will serve the goals of the European Green Deal.

 

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Opinion

A green industrial policy for Europe

A ‘green industrial policy’ able to promote economic growth, job creation and environmental goals altogether will be fundamental to Europe’s climate change ambitions.

By: Simone Tagliapietra and Reinhilde Veugelers Topic: Energy & Climate, Innovation & Competition Policy Date: January 13, 2021
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Podcast

Podcast

Green transformation: a Polish perspective

A conversation on green recovery with the Polish Minister of Climate and Environment, Michał Kurtyka

By: The Sound of Economics Topic: Energy & Climate Date: January 13, 2021
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Past Event

Past Event

A green industrial policy for Europe

The EU needs to develop a strong green industrial policy. What should Europe's strategy look like and how can we achieve it?

Speakers: Ann Mettler, Simone Tagliapietra and Reinhilde Veugelers Topic: Energy & Climate, European Macroeconomics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 17, 2020
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Podcast

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The political economy of climate transition

Is the green deal a strategy for growth or simply a reallocation mechanism?

By: The Sound of Economics Topic: Energy & Climate Date: December 2, 2020
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Working Paper

Understanding the European Union’s regional potential in low-carbon technologies

This research identifies existing and potential specialisation in green technologies in European Union regions, and proposes an approach to identify policies that can help to realise this potential.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 26, 2020
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Policy Contribution

Green certificates: a better version of green bonds

"The current design of green bonds means they aren't fulfilling their potential. We propose an alternative: issuance of regular bonds with attached green certificates that ensure earmarking for green purposes. The new design would reduce financing costs and in turn would provide incentives to start a greater number of environmentally-friendly projects."

By: Dion Bongaerts and Dirk Schoenmaker Topic: Energy & Climate, Finance & Financial Regulation Date: November 26, 2020
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Blog Post

Targeted horizontal industrial policy: green, regional and European

Creating the conditions for the most promising low-carbon sectors to grow is the most efficient way to enable decarbonisation. As sector potential is regional and associated with regions' current strengths in related technologies, policy should aim to boost the growth potential of low-carbon technologies on a regional level.

By: Enrico Bergamini and Georg Zachmann Topic: Energy & Climate Date: November 23, 2020
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Past Event

Past Event

Green recovery spending: how, when and where

Analysing potential recovery spending and green investment through multiple dimensions.

Speakers: Cyril Garcia, Kerstin Jorna, Ann Mettler, Peter Sweatman and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 19, 2020
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Past Event

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Reforming the ETS: what to make of revenues?

What will a reformed European Emissions Trading Scheme (ETS) look like?

Speakers: Jean Pisani-Ferry, Sébastien Postic, Jakub Sawulski, Beatriz Yordi Aguirre and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 12, 2020
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Opinion

2021 can be a climate breakthrough, but Biden and Europe need to talk

"2021 can be a breakthrough year for climate: the new US administration and the EU have a real opportunity, through a ‘global net zero coalition’, to remove some of the key bottlenecks in the global path to climate neutrality."

By: Simone Tagliapietra Topic: Energy & Climate Date: November 9, 2020
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Opinion

Understanding the world of tomorrow through the great challenges of energy and climate change

“Only a broad policy framework – taking into account economic, fiscal, industrial, labour, innovation and social policy issues – can address the challenges of the climate crisis in a balanced way.”

By: Simone Tagliapietra Topic: Energy & Climate Date: October 26, 2020
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Blog Post

The European climate law needs a strong just transition fund

To deliver on the goals of the European climate law, the European Union needs finally to get coal out of its energy mix: the EU should quicken the pace of decarbonisation whilst delivering on its goal of social inclusion.

By: Simone Tagliapietra Topic: Energy & Climate Date: October 6, 2020
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