Scandinavian Working Papers in Economics
Working Paper Series in Economics and Institutions of Innovation,
Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies
No 495: The EU’s competitive advantage in the "clean-energy arms race"
Petter Dahlström (), Hans Lööf (), Fredrik Sjöholm () and Andreas Stephan ()
Additional contact information
Petter Dahlström: Royal Institute of Technology
Hans Lööf: Royal Institute of Technology
Fredrik Sjöholm: Research Institute of Industrial Economics
Andreas Stephan: Linnaeus University
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
Language: English
32 pages, November 30, 2023
Full text files
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