The international system is in the midst of a large-scale energy and technological transition to shift away from fossil fuels and move towards carbon neutrality. The electric battery industry is on the rise with major actors like Japan (major producer of electric vehicles) and China (with a battery cell production in 2017 of twenty-two times that of Europe) clearly displaying their ambitions. In this global race for green industrial leadership, how does the European Union (EU) seek to play its card right?
Answering this question requires acknowledging two premises regarding EU characteristics that shape and condition its role in the future energy transition. On the one hand, the EU is first and foremost an economic power as the strength of its voice in international politics resides in its “material existence”, being the “largest advanced industrialized market in the world”. The energy transition is, therefore, an outstanding opportunity for the EU to foster long-term growth and create millions of jobs on the Old Continent.Continue reading “Seeking to become a leader in the electric battery industry: what is the EU’s strategy?”