Europe is only competitive in four of 14 technology domains and needs to close a €700bn investment gap, according to a new white paper from McKinsey and the World Economic Forum.
Carbon capture utilisation and storage (CCUS), circular technologies and engineered carbon removal makes the quartet, along with Quantum Computing, bioengineering and advanced connectivity, other sectors where the continent is leading based on investment and research.
But hydrogen, sustainable fuels, electrification and renewables were ranked lowly along with a range of others, including the future of mobility, AI and cloud and edge computing.
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