A blueprint for transforming EU industry through place-based innovation
Industrial policy is once again in vogue in public policy circles around the world. Yet it is crucial to ensure coherence between place-based innovation and EU industrial policy. For doing so, this contribution proposes a backcasting, mission-oriented and foresight-inspired approach to sustainable, resilient and secure development in the EU. It encourages the EU to fully […]
What ‘North Star’ for future EU industrial policy?
Over the past three decades, EU institutions have gradually shifted towards greater reliance on goal-based strategies. This implies formulating an array of objectives and targets to achieve in the medium to long term, often encompassing economic and social dimensions and gradually incorporating environmental ones. This analysis first takes stock of the different long-term goals pursued […]
The European Chips initiative
Nobody needs convincing that semiconductors and electronic chips are essential for modern industry and for the green and digital transitions. But this does not necessarily mean that the EU should actively support this sector. Many sectors are important but the cold hard truth is that the state cannot support everyone.Industrial policy means setting priorities. Moreover, […]
Enhancing capital market financing for Europe’s growth companies
If European industry is to thrive, innovative new companies with good business ideas must be able to obtain the finance they need. This may seem obvious, but European SMEs currently rely almost exclusively on banks for their external finance, and these often do not provide the risk capital that innovative companies need. For this type […]
Agriculture and Food: From Farm to Fork
The EU’s agricultural and food systems currently face a number of challenges. Ensuring healthy diets, improving nutrition, enhancing industry sustainability and competitiveness while reducing the environmental and climate impact of agriculture and food production are urgent problems that the EU must tackle in a timely manner. This report aims to identify a number of policy […]
A renewed EU approach for Jobs and Skills
The Covid-19 pandemic has disrupted the European labour markets and led to an acceleration in digitalisation and the adoption of new technology on a larger scale. In addition to this, if the European Green Deal becomes a successful growth strategy, it will set in motion a profound industrial transformation towards a greener economy. Such a […]
Competition Policy and State Aid: Defining a sustainable path for Europe’s recovery
Competition policy has traditionally been considered separate, if not antithetical, to industrial policy. Today, however, competition policy is increasingly becoming an ally of industrial policy and of the transition towards a sustainable economy. The Working Group’s recommendations reflect the discussions on how to simultaneously promote competition, sustainability, and resilience. To achieve the twin goals of […]
Healthcare and Pharmaceuticals
A more pronounced and strategic European pharmaceutical industry strategy, in all its dimensions, should be the response to the current health crisis the EU – and the world – finds itself in. The EU Commission has reacted in several ways, with the structured dialogue and the pharmaceutical, trade and industrial strategies. But more needs to […]
The Digital Transition
The digital transformation is a key pillar of the new industrial strategy for Europe, with high expectations for its potential to relaunch Europe’s industrial leadership. It is also a key pillar of the ‘twin transition’, which the European Commission adopted as a defining element of its agenda for future sustainable growth. In this respect, the […]
Strategic Value Chains
European industry requires a substantial review of the policies that promote its global competitiveness. The EU industrial system relies on value chains, but in the past few years their structural vulnerabilities have been exposed. Recent global events have exacerbated these further. This report, prepared in the context of the CEPS Industrial Policy Task Force, identifies […]
European Green Deal
If the European Green Deal is going to be a successful growth strategy, it will need to set in motion a profound industrial transformation in line with the EU’s 2050 climate neutrality objective. Transforming industries requires industrial policies. This report, prepared in the context of the CEPS Industrial Policy Task Force, presents 12 recommendations that […]
The New Industrial Strategy for Europe
Faced with the prospect of a long-lasting and traumatic Covid-19 pandemic, we at CEPS decided to step up our efforts to support the work of EU institutions in the development of an industrial strategy fit for a brighter future. We started to advertise an ambitious work programme in early summer 2020, and officially launched the Task […]