Draghi proposes a European industrial policy as a driving force to face the challenges of the next decades

TheDraghi Reportproposes a new strategy for the European Union (EU) to regain its global competitiveness in the midst of the energy transition. The report presents140 measures, 21 of which focus onenergy management in industry, with the aim of reconciling industrial and energy policies.

This report comes at a time when thegrowth gap between the EU, China and the USis widening. Europe faces a choice betweeninvesting more in its industryor having to choose between climate targets and competitiveness.

 

Key Points:

1- Reconciliación entre política industrial y energética: La descarbonización debe verse como una oportunidad para blindar la competitividad, pero sin depender excesivamente de China. La industria europea necesita una política energética sólida que abarate los costos de la energía, pero sin comprometer los objetivos ecológicos. 2- Transformaciones clave: Para que Europa sea competitiva, el informe propone tres cambios:

• Accelerate innovationin clean technologies.
• Lower energy costs.
• Reduce strategic dependenceon other countries.

3- Problemas identificados: El informe señala que la fragmentación del mercado único europeo, la falta de políticas conjuntas y la carga regulatoria dificultan el crecimiento de la competitividad.

Proposed Actions:

• The report includes21 specific measuresfor the energy industry, such as:
• Facilitate access tocompetitive energywithin the EU.
• Promoteself-consumptionin the electro-intensive industry.
• Fomentar PPA (acuerdos de compra de energía) para garantizar el suministro energético a largo plazo.

Conclusions:

TheDraghi Reportwarns that if Europe does not coordinate its energy and industrial policies, it risksdecarbonization becoming an obstacle to growthand competitiveness. Currently, European companies facemuch higher energy coststhan in other powers, such as the United States, which is holding back their growth.

Energy integrationandpublic investmentin infrastructure will be essential to accelerate the adoption of renewable energy, reduce energy costs and maintain European competitiveness.

In summary, theDraghi Reportunderlines the urgency of a coherent and coordinated policy to ensure that theecological transition andEurope's competitivenessare mutually reinforcing.