Current geoeconomic challenges and a new emphasis on the digital and green transition have spurred the comeback of industrial policy in Europe and around the world. Policymakers from different ends of the spectrum are now advocating for more guidance and strategy in European economic policy. With public procurement a centrepiece of industrial policy, it deserves more attention.
Public procurement may – at first glance – not be the sexiest topic. It may not be the first thing that comes to mind when considering the geoeconomic tensions and twin transition that Europe faces. But when looking closer, its importance becomes apparent.
For example, the Inflation Reduction Act (IRA) recently passed in the US opened a debate on the negative consequences of the legislation for European industry. The IRA authorises $391 billion in spending on energy and…
