Competitiveness without Capacity? Public Finance, Industrial Strategy, and the EU’s Net-Zero Transition
能力なき競争力？公共財政、産業戦略、そしてEUのネットゼロ移行 (AI 翻訳)
Agnieszka Bąk
🤖 gxceed AI 要約
日本語
本論文は、EUのネットゼロ移行における公共財政と制度的能力が戦略的クリーンエネルギー価値連鎖の開発に与える影響を分析。金融主導の政策では民間リスク・リターンに偏り、生産や学習が一部地域に集中することを指摘。ネットゼロ達成には、財政だけでなく、方向付けや長期的リスク吸収、戦略的調整などの公共能力強化が必要と論じる。
English
This article examines how public financing and institutional capacity shape the development of strategic clean-energy value chains in the EU. It finds that a finance-centric approach leads to investment aligned with private risk-return profiles and uneven regional development. The author argues for a shift toward deliberate capacity-building, including public functions like direction-setting, risk absorption, and strategic coordination, to achieve net-zero objectives.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文は、EUのネットゼロ移行政策を批判的に検討し、金融メカニズムだけでは不十分で産業能力の構築が必要と論じる。日本においてもGX政策（例：GXリーグ、グリーントランスフォーメーション）では、投資促進と同時に産業基盤の強化が課題となっており、本稿の知見は参考になる。
In the global GX context
This paper offers a timely critique of the EU's net-zero industrial strategy, arguing that financial de-risking alone cannot build strategic industrial capacity. It contributes to global debates on climate transitions by distinguishing between public finance and public industrial capacity, relevant for policymakers and scholars evaluating the effectiveness of market-based climate policy.
👥 読者別の含意
🔬研究者:Researchers should note the distinction between public finance and institutional capacity as a lens for evaluating climate transition policies.
🏢実務担当者:Corporate sustainability teams can gain insight into how EU policy dynamics may affect investment and value chain strategies.
🏛政策担当者:Policymakers should consider the need for public capacity-building beyond financial instruments to achieve net-zero industrial goals.
📄 Abstract（原文）
Aim: This article examines how public financing and institutional capacity shape the development of strategic clean-energy value chains in the European Union. The author investigated whether the EU’s current policy architecture, which is centred on financial mobilisation, market-based instruments, and de-risking; can support the industrial capabilities required to achieve net-zero objectives. Methodology: The study used a qualitative, institutional political economy approach, combining analysis of the academic literature with examination of EU legislation, policy documents, and institutional reports, while focusing on the governance of investment, production, and risk in transition vulnerable sectors. Results: Despite the availability of financial instruments and regulatory incentives, limitations in public institutional capacity constrain their effectiveness. Investment tends to favour projects aligned with private risk–return profiles, while production, learning, and technological control concentrate in regions with established industrial coordination. As a result, the domestic development of strategic regions remains uneven and fragile. Implications and recommendations: Achieving net-zero objectives requires a shift from a finance-centred policy model toward deliberate capacity-building. This includes strengthening public functions of direction-setting, long-term risk absorption, strategic coordination, and conditional support for industrial development, moving beyond narrow market-failure correction. Originality/value: The article contributes to the literature on climate transitions and industrial policy by distinguishing public financing from public industrial capacity. It argues that the success of the EU sustainable transformation depends not only on the scale of investment mobilised, but also on the institutional ability to coordinate, govern, and anchor strategic value chains within Europe.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.15611/e21.2026.01first seen 2026-05-31 04:59:21 · last seen 2026-06-03 05:22:48
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