Lead Markets: Driving Net-Zero Industries Made in Europe

Faced with a massive dependence on fossil fuels, Europe finds itself at a historic turning point.

In his latest post “ A Call for a “Powerful Europe” Free from Fossil Fuels and in Control of Its Own Destiny ", Carbon 4 argues that, far from being a competitive disadvantage, this initiative to phase out fossil fuels could become a strategic and geopolitical tool for the European Union.

The condition? That it equip itself with the means to achieve its ambitions through a coherent framework: regulations, taxation, protection and support mechanisms, the development of financing capabilities, technology transfer requirements, and diplomatic efforts.

At the same time, our Carbone 4 experts Antoine Crépel and Jori Damond have also worked with the think tank Strategic Perspectives in order to analyze the potential of "pilot markets" for stimulate investment in a robust, low-carbon European industry that creates value locally. This would make it possible to assess some of the benefits that implementing such a framework would offer.

One day after the release of our article on the Buy European and Sustainable Act, together with this think tank, we are analyzing the potential impacts on the automotive, steel, and wind energy industries if sustainability and European production criteria were applied to certain strategic markets.

In practical terms, this type of measure would result in:

1. Manufacturing in Europe 81% of new cars sold in the European Union in 2035, which would pave the way for the emergence of 449,000 new jobs in the electric vehicle and battery sectors.

2. Secure 98% of green steel orders for European producers, in order to ensure the preservation of 16,000 jobs by 2035.

3. Protect 80% of the European market for European wind turbine manufacturers and thus generate 50,000 additional jobs by 2035.

To read the full details of the study, click here: https://strategicperspectives.eu/lead-markets/