Europe’s quest for a greener future is receiving a significant boost from Chinese investments, according to industry expert Denis Depoux. The global managing director at Roland Berger highlighted China’s crucial role in supporting Europe’s ambitious energy transition goals.
“Europe has set very ambitious objectives for its energy transition, just like China did, but that is costly,” Depoux explained. “To become more competitive, Europe needs to import a lot of equipment from China.”
Chinese companies are not only exporting green technology to Europe but are also investing directly within the continent. These investments aim to better serve the European market, fostering technology transfer and creating employment opportunities.
“Such investments are always welcome in Europe if they come with technology transfer and employment,” Depoux noted. “That is exactly what happened the other way around 20 to 30 years ago when European companies came to China; the Chinese government was looking for technology transfer, industrialization, and job creation. So now we look at it the other way around.”
This dynamic mirrors the past economic exchanges between Europe and China, emphasizing mutual benefits. As Europe accelerates its green transition, Chinese investment and technology are poised to play a pivotal role in achieving these environmental goals.
