A new report from EU think-tank the Ecologic Institute, prepared for the Greens in the European Parliament, asserts that eco-industries outperformed the broader economy during difficult times, including the 2008 financial crisis. The report examines five European countries since 2008, and compares them to the U.S., China, and Mexico. It states that, while European manufacturers in general fell behind on the global market, manufacturers of environmental goods and services managed to remain competitive. In addition, even when European eco-manufacturing lost out to global competitors like China’s growing solar PV manufacturing sector, European jobs were retained in planning, installation, and maintenance. The resilience of the European eco-industries is attributed partly to rapid innovation, as measured by patent applications. Ecologic also noted that government policy that preserved investor confidence was crucial to maintaining resilient eco-industries.
How Crisis-resistant and Competitive are Europe’s Eco-Industries? Is available at: http://www.ecologic.eu/10477