A paradigm shift. This is how EU Commissioner for Energy and Housing Dan Jørgensen describes the EU's new global climate and energy vision.
The EU Global Climate and Energy Vision contains a total of ten initiatives that place significantly more emphasis on the economy and growth as part of the attempt to make the world greener.
- It is not just a vision for climate and energy. It is a new vision, a paradigm shift, for how we conduct foreign economic policy, says Dan Jørgensen.
The EU Commission has drawn inspiration for the vision from Denmark's climate partnerships, among other things. It places a significantly greater focus on partnerships with countries where there is not only the opportunity to create a major impact on the climate, but also the opportunity to strengthen the EU's competitiveness.
- We will combine diplomacy with technical energy assistance, trade instruments, industrial policy and financing. We will be much more integrated, transaction-oriented and focused on creating mutual economic benefits, says Dan Jørgensen.
In this way, the EU is also borrowing inspiration from the strongly climate-skeptical US President Donald Trump, who has made "transactional" a focal point in the Trump administration's dealings with the rest of the world.
Several countries are skeptical of the EU's climate ambitions
This is happening at a time when several EU countries have begun to view the high climate ambitions in the EU more skeptically, which are not matched by either the US, China or India.
The EU already accounts for only six percent of the world's greenhouse gas emissions. This has also led large EU countries such as Germany and France to begin to take greater account of jobs and their own companies in a pressured economy with low growth. With the vision, the EU Commission emphasizes, however, that there is money to be made from green transition.
- We will leverage our trade relations to deliver more clean technologies and more energy projects. Both in Europe and worldwide, says Dan Jørgensen.
He highlights that last year, for example, the EU exported more than 6.5 billion euros in grid components and almost 300 million euros in hydropower technologies.
- We already have the largest network of free trade agreements, and we are launching new partnerships on clean trade and investment.
- By leveraging these relationships, we can open new doors for our clean industries, new perspectives for our economy and new potential for global decarbonization, says Dan Jørgensen.
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