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Read moreEurope’s incomplete dream for green autonomy
The paracetamol to relieve the pain of a headache, the packaging to keep food fresh, and the tubing used in a hospital IV line, all originate from a barrel of crude oil. Numerous everyday products depend on fossil-based carbon and hydrogen molecules. While recent geopolitical shocks (e.g., Russia’s invasion of Ukraine, Iran conflict) have exposed Europe’s energy dependence, they have masked Europe’s dependence on fossil-based feedstocks for plastics and pharmaceuticals.
Read moreFrom Russian Gas to American LNG: Can the EU Balance Energy Security and Competitiveness?
In recent years, the European Commission has placed the competitiveness of its industry at the heart of its political agenda, as evidenced by a series of major initiatives from the Competitiveness Compass to the Clean Industrial Deal all designed to close the productivity gap with the United States and China.
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