Part 7/8:
- Global Competition: Europe is increasingly facing competition from countries like China, which has overtaken Europe in several emerging green industries. The decline of the German solar industry and concerns over the rise of Chinese electric vehicles emphasize Europe’s struggle to maintain market leadership.
The combination of these challenges suggests that Europe will have to navigate its energy transition more cautiously than previously envisioned.
Looking Ahead: Europe's Net Zero Future
Despite the visible hurdles, Europe has not abandoned its commitment to the energy transition. The path forward may be slower and more tentative, with policymakers needing to balance ambitious environmental goals with the economic realities faced by their electorates.