{"id":33052,"title":"Transition Regions‘ Green Tech Potential is Key to EU Cohesion","link":"https:\/\/bst-europe.eu\/de\/investment-budget\/transition-regions-green-tech-potential-is-key-to-eu-cohesion\/","date":"15. Juni 2023","date_unix":1686823428,"date_modified_unix":1748338030,"date_iso":"2023-06-15T10:03:48+00:00","content":"

Europe’s economy is undergoing two significant transformations, known as the twin transition. On the one hand, the European Green Deal<\/a> requires the economy to reach carbon neutrality by 2050. The Digital Decade<\/a>, on the other hand, underlines the need to innovate to compete with the USA and China.<\/p>\n

European regions are not equally prepared. In particular, our new study <\/a>shows that the capabilities necessary for developing twin transition technologies are unequally distributed across EU regions. More developed regions possess significantly higher capabilities than transition and less developed regions.<\/p>\n

While regions with more of the technological capabilities needed for the twin transition have higher potential for future economic prosperity, potential to create complex technologies also lies in transition regions.<\/p>\n

These regions possess more possibilities to develop technologies for the green transition. Policymakers at the regional and EU level alike can leverage these potentials to bolster a green economy and at the same time promote economic cohesion.<\/p>\n

Transition regions in Europe<\/strong><\/h2>\n

Transition regions are characterized by a GDP per capita that falls between 75% and 100% of the EU average according to EU cohesion policy<\/a> for the current period. On a NUTS-2 level, these regions are primarily clustered in France (21 of the 67 transition regions), Wallonia, East Germany, Czechia, the Spanish Atlantic and Mediterranean coasts, Finland and two of the Baltic states.<\/p>\n

These regions tend to be a mix of urban and rural rather than predominantly metropolitan. Often, there is a lack of economic diversification, which can increase their dependence on certain industries.<\/p>\n

\n