Portugal is a key player in the competitiveness and prosperity of the European Union: here are the reasons

We are in 2035. The European response to successive crises and the path outlined by the European Ecological Pact have accelerated the decarbonization and modernization of the economy, causing a wave of industrial investment and a reordering of value chains across Europe . In this reordering, Portugal’s low prices for renewable electricity and green hydrogen contribute to a more competitive European industry. From existing lithium reserves in Portugal and supply chains with partner countries in South America, a battery production line was developed that increases the resilience of the European automotive sector. Portugal came to be known as the green tech hub of Europe and is an attractive destination for industrial and technological investment. The Portuguese economy has become more sophisticated and attracts talent from other parts of Europe. Portugal’s strengths have allowed the European Union (EU) to maintain its competitiveness compared to other global economic blocs.