The future competitiveness and prosperity of Europe’s economy depends on the greening and digitizing of Europe’s regions. The success of the so-called twin transition depends not just on improving the EU’s capacity to innovate in green and digital technologies, but also spreading the benefits of that innovation across its regions so that it is a transformation for all, not just some regions. However, there is an innovation divide that threatens to worsen cohesion between EU regions as the richest and most innovative continue to pull ahead of the pack in the technologies that will shape the future EU economy.
It is therefore important at this juncture, with the future of EU Cohesion Policy in the spotlight, for policymakers at the EU, national and regional level to explore ways for regions to develop mutually beneficial linkages around twin transition technologies with other regions across the EU.
Our new study, Technological capabilities and the twin transition in Europe: Opportunities for regional collaboration and economic cohesion, evaluates the complementarity in twin transition technological profiles between European NUTS-2 regions and gives a clear view of the untapped potential for linkages between regions of different economic development levels and across national borders.