EU Eyes 'Europe First' for Clean Tech Amid US Protectionism and Northvolt's Bankruptcy

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EU Eyes 'Europe First' for Clean Tech Amid US Protectionism and Northvolt's Bankruptcy
Europe First StrategyClean TechnologyEU Industrial Policy
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Stéphane Séjourné advocates for a 'Europe First' strategy to support clean technology and vital industries, in response to rising protectionism. The EU also faces challenges following the bankruptcy of Northvolt. A new paper suggests that capital market reform is more crucial for advancing the energy transition. Meanwhile, US companies face a political backlash against diversity, equity, and inclusion (DEI) efforts.

In a recent interview, Stéphane Séjourné, the newly appointed European Commission vice-president for industrial policy, discussed the need for a 'Europe First' strategy to support vital industries such as clean technology , in response to rising protectionism, notably in the US. The EU faces challenges following the bankruptcy of Northvolt , a Swedish battery start-up.

The article also highlights a new paper suggesting that capital market reform, rather than trade barriers, is more crucial for advancing Europe's energy transition. Additionally, the piece examines corporate diversity efforts in the US, revealing that while the proportion of non-white directors at S&P 500 companies has increased, some companies are retreating from diversity, equity, and inclusion (DEI) promises due to political backlash

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Europe First Strategy Clean Technology EU Industrial Policy Northvolt Capital Market Reform DEI Political Backlash S&P 500

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