The EU’s competitive advantage in the "clean-energy arms race"

Petter Dahlström (), Hans Lööf (), Fredrik Sjöholm and Andreas Stephan
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Petter Dahlström: Royal Institute of Technology

No 495, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: The net-zero agreement on carbon emission from Paris 2015 gives a key role to fossil-free energy technologies with an expected multifold growth rate over the coming decades, when successively replacing oil, coal, and gas. In this paper, we delve into the EU’s competitive advantage in the evolving trade war in clean energy, investigate European strengths and weaknesses in innovation and production, and discuss the impact of the upcoming trade war on the global warming challenge. Our results show that the EU has a strong position in innovation capabilities in the strategic net-zero technologies. However, this is not matched by production capabilities: EU has only a few firms among the leading manufacturers in net-zero technologies.

Keywords: energy geopolitics; net-zero technologies; patents; innovation (search for similar items in EconPapers)
JEL-codes: F02 O18 Q50 R10 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2023-11-30
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-ino and nep-int
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Related works:
Working Paper: The EU’s Competitive Advantage in the 'Clean-Energy Arms Race' (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0495

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