Thoth distribution@thoth.pub Google 20260724T023158

urn:uuid:40128893-8817-408f-9df0-21fc5ebc6221 03 15 9781805117469 00 EB E101 10 10 02 23996676 01 02 Open Reports Series 01 01 More with More: Investing in the Energy Transition 2025 European Public Investment Outlook 1 B01 Floriana Cerniglia Floriana Cerniglia is a Full Professor of Economics at Università Cattolica del Sacro Cuore (Milan) and Director of CRANEC (Centro di ricerche in analisi economica e sviluppo economico internazionale). She is the Co-Editor-in-Chief of Economia Politica (Journal of Analytical and Institutional Economics). She received her PhD from the University of Warwick (UK) and her research interests are in public economics and in macroeconomic policies. She has published in leading international journals and she has coordinated and participated in a number of peer-reviewed research projects. 2 B01 Francesco Saraceno Francesco Saraceno is Deputy Department Director at OFCE, the research centre in economics at Sciences Po in Paris, and Professor of Practice at LEAP-Luiss, Rome. He holds PhDs in Economics from Columbia University and the Sapienza University of Rome. His research focuses on the relationship between inequality, macroeconomic performance, and European macroeconomic policies. From 2000 to 2002 he was a member of the Council of Economic Advisors for the Italian Prime Minister’s Office. He teaches international and European macroeconomics at Sciences Po, where he manages the Economics concentration of the Master’s in European Affairs, and in Rome (Luiss). He is Academic Director of the Sciences Po-Northwestern European Affairs Program. He advises the International Labour Organization (ILO) on macroeconomic policies for employment and participates in IMF training programmes on fiscal policy. 01 eng 00 272 03 10 BUS070040 23 Economics 23 Energy transition investing 04 HD9502.E82 10 BUS072000 23 European Studies 23 Low‑carbon infrastructure finance 10 BUS094000 23 Politics and Sociology 23 Sustainable energy investments 23 Renewable energy financing 23 Green investment strategies 23 Decarbonisation capital allocation 01 06 03 00 This outlook offers a timely and insightful exploration of Europe’s energy transition, a process that lies at the heart of today’s environmental, economic, and political debates. It examines the diverse commitments undertaken by European countries as they navigate the challenges of decarbonization and the shift to sustainable energy systems. By analyzing both the policy frameworks and the concrete instruments adopted to reach ambitious climate and energy goals, the book sheds light on the strategies shaping the continent’s future.A particular emphasis is placed on the role of public investment, highlighting how state action can catalyze innovation, support infrastructure, and bridge gaps where market forces alone may fall short. Through this lens, the volume not only evaluates existing practices but also considers the broader implications for governance, equity, and long-term resilience.Written with clarity and rigor, the outlook will be of interest to policymakers, scholars, and practitioners seeking to understand the dynamics of Europe’s green transition. It invites readers to consider the balance between national priorities and collective European objectives, offering valuable insights into how commitments translate into action—and how public investment can be a decisive lever for change. 04 00 List of Figures List of Tables Acknowledgements Preface Introduction: Energy Transition in the EU—The Need for a Governance Revolution 1. An EU-wide Perspective on Public Investment in the Energy Transition 2. France: Preserving Investment in the Energy Transition in an Unstable Policy Environment 3. The Role of Public Support for the Energy Transition in Germany: Past and Future Tasks 4. Energy Transition and Public Investment in Italy 5. Investment in the Energy Transition in Spain 6. Tackling the Drawbacks of Past and Current EU Energy Transition Policies: The Need for a Cooperative, Mission-oriented Industrial Strategy 7. Energy Transition and Industrial Competitiveness in the EU 8. Research and Innovation Policy for the Energy Transition in the EU 9. On Grids: The Backbone of the Energy Transition 10. Investing in Critical Raw Materials for the Clean-Tech Transition in the EU 11. The EU Strategy for Green Hydrogen: More with Less (Public Investment)? 12. The Power of Energy Communities for a Just Transition in Europe 13. Making the ETS2 Socially Acceptable through Carbon Revenue Redistribution and Investments 14. (How) Can the Energy Transition in Europe be a Just Transition? Contributor Biographies Open Book Publishers 01 Open Book Publishers 04 01 20251208 02 WORLD 06 15 9781805117438 06 15 9781805117445 06 15 9781805117452 06 15 9781805117476 06 15 9781805117469 WORLD 09 Open Book Publishers 20 02 5.99 GBP WORLD