Why the gusty North Sea could give Europe an industrial edge
Wind power is breathing life into a new green economy on its coasts
Fears about the fate of European industry abound. Russia’s invasion of Ukraine and the ensuing gas crunch have dealt it a cruel blow. basf, the world’s largest chemicals-maker, is shifting production away from its headquarters in Ludwigshafen in Germany. Nearly a quarter of the country’s revered Mittelstand firms are reported to be considering moving part of their operations abroad. And even as energy prices have fallen back, America’s protectionist and subsidy-laden Inflation Reduction Act is feeding fresh worries that industry might be lured away from the old continent.
This article appeared in the Leaders section of the print edition under the headline “Northern delights ”
Leaders January 7th 2023
- A realistic path to a better relationship between Britain and the EU
- How China’s reopening will disrupt the world economy
- Why the gusty North Sea could give Europe an industrial edge
- Starlink’s performance in Ukraine has ignited a new space race
- What the Kevin McCarthy saga means for America’s Congress
From the January 7th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Leaders
Sir Keir Starmer should aim higher in his reset with the EU
And he needs to be clearer about what Britain wants
To make electricity cheaper and greener, connect the world’s grids
Less than 3% of the world’s power is internationally traded—a huge wasted opportunity
Chinese AI is catching up, posing a dilemma for Donald Trump
The success of cheap Chinese models threatens America’s technological lead
America has an imperial presidency
And in Donald Trump, an imperialist president for the first time in over a century
Tariffs will harm America, not induce a manufacturing rebirth
Donald Trump’s pursuit of tariffs will make the world poorer—and America, too
How to improve clinical trials
Involving more participants can lead to new medical insights