TY - BOOK
T1 - The Impact of Western Sanctions on Global Supply Chains and the Green Transition
AU - Kirkham, Ksenia
AU - Toplisek, Alen
PY - 2023
Y1 - 2023
N2 - This chapter analyses the impact of Western sanctions against Russia and China on strategic value chains in the EU and South Korea. Sanctions do not only hit target states, but also spill over across global supply chain networks, industries and markets. They often have unforeseen consequences for the EU's mission to strengthen its open strategic autonomy plans to re-localise value chains for the production of critical products, such as EV batteries, semi-conductors and supply of critical raw materials (e.g. lithium, cobalt, neon and palladium), as well as for South Korea's strategy of lowering dependence on China's supply chains. The main argument of this chapter is that economic sanctions have a significant detrimental effect on ‘third parties’ – governments and businesses – that are caught in the middle of sanctions crossfire between China and the US. This impact on energy security might eventually slow down the transition towards net zero targets, by disrupting important ‘green’ projects such as the development of the EV batteries segment in car manufacturing. This chapter explores how economic sanctions undermine ambitious plans for the transition to greener energy in Europe and in Asia by looking into two cases – the battery electric vehicle (or BEV) markets in South Korea and the EU – that display some notable parallels.
AB - This chapter analyses the impact of Western sanctions against Russia and China on strategic value chains in the EU and South Korea. Sanctions do not only hit target states, but also spill over across global supply chain networks, industries and markets. They often have unforeseen consequences for the EU's mission to strengthen its open strategic autonomy plans to re-localise value chains for the production of critical products, such as EV batteries, semi-conductors and supply of critical raw materials (e.g. lithium, cobalt, neon and palladium), as well as for South Korea's strategy of lowering dependence on China's supply chains. The main argument of this chapter is that economic sanctions have a significant detrimental effect on ‘third parties’ – governments and businesses – that are caught in the middle of sanctions crossfire between China and the US. This impact on energy security might eventually slow down the transition towards net zero targets, by disrupting important ‘green’ projects such as the development of the EV batteries segment in car manufacturing. This chapter explores how economic sanctions undermine ambitious plans for the transition to greener energy in Europe and in Asia by looking into two cases – the battery electric vehicle (or BEV) markets in South Korea and the EU – that display some notable parallels.
M3 - Book
BT - The Impact of Western Sanctions on Global Supply Chains and the Green Transition
PB - Taylor and Francis Ltd.
ER -