Author (Person) | Lipke, Alexander, O'Sullivan, Daniel, Oertel, Janka |
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Publisher | European Council on Foreign Relations (ECFR) |
Series Title | ECFR Policy Briefs |
Series Details | ECFR/537, Number 537 |
Publication Date | May 2024 |
Content Type | Research Paper |
Summary:“De-risking” is the guiding motif of the European Union's (EU) new approach to China, particularly in green technologies where Chinese companies are striving for full dominance. For Europe, these same industries are supposed to generate future prosperity, enable the green transition, and enhance security through greater energy independence. As economic growth, climate goals, and national security cannot all be maximally achieved together in these sectors, European policymakers need to weigh these up and decide which to prioritise, when, and how. Instead of individually using incentives and trade tools ad hoc, at random, and in insufficient doses, member states should revolutionise their approach with: a real push in political leadership, enhanced coordination at the EU level, and clear prioritisation backed up by credible arguments. Policymakers need to define politically where the risks are greatest and what constitutes a tolerable dependency, actively seek partners in the world to preserve competition, and communicate clearly about the necessary trade-offs. A key question for Europeans to ask immediately is whether they trust Chinese companies to form the backbone of Europe’s green transition. The answer will determine the options available to them. |
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Source Link |
https://ecfr.eu/publication/trust-and-trade-offs-how-to-manage-europes-green-technology-dependence-on-china/
Alternative sources
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Subject Categories | Business and Industry, Internal Markets, Trade |
Subject Tags | Competition Law | Policy, External Trade | Trade Agreements, Green Economy |
Countries / Regions | China |
International Organisations | European Union [EU] |
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