A 5-point plan for EU Industrial Policy
Research-based recommendations how to successfully speed-up green technologies whilst fostering socio-economic cohesion
EU Industrial Policy has shot to the top of the political agenda. The European Commission has published a proposal for a Green Deal Industrial Plan, with a Net-Zero Industry Act and the Temporary Crisis and Transition Framework at its core.
The main objective of the Commission’s proposal is to ramp-up net-zero technologies in Europe, and to ensure their competitiveness. Two questions are key: How to mobilise funding at sufficient speed? And, what to fund?
This five-point plan for EU Industrial Policy is based on previous studies in the field of industrial policy. It makes recommendations about how to successfully design industrial policy in a way that efficiently speeds-up the necessary production of green technologies, and avoids profit-capture and the survival of unproductive firms, whilst also fostering socio-economic cohesion in the EU.
