Policy Paper | Trade, money, power: A recipe for a green and competitive Europe?
All strands of EU policy need to work together to help secure the EU’s competitiveness while leading the charge in decarbonisation. By advocating for a rules-based global trading system, diversifying critical supply chains, and strategically employing trade defence mechanisms, the EU can navigate these challenges without falling into the trap of protectionism. To maintain leadership in the green technology race, the EU must speed up its work on the Capital Markets Union to ensure that investments can flow freely across borders to finance the innovations needed for decarbonisation. Transforming the EU’s energy markets is imperative for both climate goals and competitiveness, as energy prices, if left unchecked, threaten to erode Europe’s manufacturing base, particularly in energy-intensive sectors.
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