The European Green Deal and the energy transition: challenges and opportunities for industrial companies
This article reviews the challenges and opportunities facing industrial companies in europe as a result of the implementation of the European Green Deal, the growth and competitiveness strategy for the European Union announced by the European Commission in December 2019. The objective of achieving...
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| Format: | Article |
| Language: | English |
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University of Deusto
2022-04-01
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| Series: | Boletín de Estudios Económicos |
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| Online Access: | https://bee.revistas.deusto.es/article/view/2334 |
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| _version_ | 1841526540293111808 |
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| author | Jorge Fernández Gómez |
| author_facet | Jorge Fernández Gómez |
| author_sort | Jorge Fernández Gómez |
| collection | DOAJ |
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This article reviews the challenges and opportunities facing industrial companies in europe as a result of the implementation of the European Green Deal, the growth and competitiveness strategy for the European Union announced by the European Commission in December 2019. The objective of achieving a reduction of 55% in greenhouse gas (GHG) emissions in 2030 relative to 1990 and zero net emissions in 2050 will force industrial companies to take urgent steps to decarbonize their activities. This will imply profound changes in their business operations and the need to invest in new technologies and processes and substitute clean energy for conventional fossil fuels. In order to support this transformation, sound innovation policies must be put in place and an efficient sustainable finance ecosystem must be developed. The article explores how industrial companies can transform their operations while simultaneously complying with the grand objectives of the European Green Deal and preserving and even enhancing their competitiveness.
Received: 21 June 2021
Accepted: 3 February 2022
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| format | Article |
| id | doaj-art-f3997884778d452aa722ee587e3126b5 |
| institution | Kabale University |
| issn | 0006-6249 2951-6722 |
| language | English |
| publishDate | 2022-04-01 |
| publisher | University of Deusto |
| record_format | Article |
| series | Boletín de Estudios Económicos |
| spelling | doaj-art-f3997884778d452aa722ee587e3126b52025-01-16T18:53:34ZengUniversity of DeustoBoletín de Estudios Económicos0006-62492951-67222022-04-017623210.18543/bee.2334The European Green Deal and the energy transition: challenges and opportunities for industrial companiesJorge Fernández Gómez0Orkestra-Basque Institute of Competitiveness, Deusto Business School, University of Deusto, Spain This article reviews the challenges and opportunities facing industrial companies in europe as a result of the implementation of the European Green Deal, the growth and competitiveness strategy for the European Union announced by the European Commission in December 2019. The objective of achieving a reduction of 55% in greenhouse gas (GHG) emissions in 2030 relative to 1990 and zero net emissions in 2050 will force industrial companies to take urgent steps to decarbonize their activities. This will imply profound changes in their business operations and the need to invest in new technologies and processes and substitute clean energy for conventional fossil fuels. In order to support this transformation, sound innovation policies must be put in place and an efficient sustainable finance ecosystem must be developed. The article explores how industrial companies can transform their operations while simultaneously complying with the grand objectives of the European Green Deal and preserving and even enhancing their competitiveness. Received: 21 June 2021 Accepted: 3 February 2022 https://bee.revistas.deusto.es/article/view/2334pacto verde europeocompetitividad empresarialPolítica de innovaciónfinanciación verde |
| spellingShingle | Jorge Fernández Gómez The European Green Deal and the energy transition: challenges and opportunities for industrial companies Boletín de Estudios Económicos pacto verde europeo competitividad empresarial Política de innovación financiación verde |
| title | The European Green Deal and the energy transition: challenges and opportunities for industrial companies |
| title_full | The European Green Deal and the energy transition: challenges and opportunities for industrial companies |
| title_fullStr | The European Green Deal and the energy transition: challenges and opportunities for industrial companies |
| title_full_unstemmed | The European Green Deal and the energy transition: challenges and opportunities for industrial companies |
| title_short | The European Green Deal and the energy transition: challenges and opportunities for industrial companies |
| title_sort | european green deal and the energy transition challenges and opportunities for industrial companies |
| topic | pacto verde europeo competitividad empresarial Política de innovación financiación verde |
| url | https://bee.revistas.deusto.es/article/view/2334 |
| work_keys_str_mv | AT jorgefernandezgomez theeuropeangreendealandtheenergytransitionchallengesandopportunitiesforindustrialcompanies AT jorgefernandezgomez europeangreendealandtheenergytransitionchallengesandopportunitiesforindustrialcompanies |