The European Green Deal has implications that go well beyond the territorial limits of the EU, which is why we speak of the geopolitical implications of the EGD. Two interesting analyses of this topic appeared in 2021.
The first, which appeared in February under the auspices of the Bruegel Institute, and authored by Mark Leonard, Jean Pisani-Ferry, Jeremy Shapiro, Simone Tagliapietra and Guntram Wolff, suggested 7 actions:
“1. Help neighbouring oil and gas-exporting countries manage the repercussions of the European Green Deal. The EU should engage with these countries to foster their economic diversification, including into renewable energy and green hydrogen that could in the future be exported to Europe.
2. Improve the security of critical raw materials supply and limit dependence, first and foremost on China. Essential measures include greater supply diversification, increased recycling volumes and substitution of critical materials.
3. Work with the US and other partners to establish a ‘climate club’ whose members will apply similar carbon border adjustment measures. All countries, including China, would be welcome to join if they commit to abide by the club’s objectives and rules.
4. Become a global standard-setter for the energy transition, particularly in hydrogen and green bonds. Requiring compliance with strict environmental regulations as a condition to access the EU market will be strong encouragement to go green for all countries.
5. Internationalise the European Green Deal by mobilising the EU budget, the EU Recovery and Resilience Fund, and EU development policy.
6. Promote global coalitions for climate change mitigation, for example through a global coalition for the permafrost, which would fund measures to contain the permafrost thaw.
7. Promote a global platform on the new economics of climate action to share lessons learned and best practices.”
The second analysis, perhaps inspired by the first, was organised by the European Economic and Social Committee (EESC) on 6 December. The EESC held this conference to discuss the impact of the European Green Deal (EGD) on the position of Europe in the world. Four panels discussed how the EU can lead climate efforts, how to ensure the green energy transition and head towards open strategic autonomy, how to make sure that no one is left behind and how to maintain the EU industry’s global competitiveness and direct financing to support the green transition.
Continua a leggere “Geopolitics of the European Green Deal”