The geopolitics of the European Green Deal

The European Green Deal is a plan to decarbonise the EU economy by 2050, revolutionise EU’s energy system, profoundly transform and inspire efforts combat climate change. But will also have profound geopolitical repercussions. affect geopolitics through its impact on balance global markets; oil gas-producing countries in neighbourhood; security; trade patterns, notably via carbon border adjustment mechanism. At least some of these changes are likely partner adversely. needs wake up consequences abroad domestic decisions. It should prepare help manage aspects Deal. Relationships with important neighbourhood such as Russia Algeria, players including United States, China Saudi Arabia, central this effort, which can be structured around seven actions: 1) Help neighbouring gas-exporting repercussions engage foster their economic diversification, into renewable green hydrogen that could future exported Europe; 2) Improve security critical raw materials supply limit dependence, first foremost China. Essential measures include greater increased recycling volumes substitution materials; 3) Work US other partners establish ‘climate club’ whose members apply similar measures. All countries, China, would welcome join if they commit abide club's objectives rules; 4) Become standard-setter for transition, particularly bonds. Requiring compliance strict environmental regulations condition access market strong encouragement go all countries; 5) Internationalise mobilising budget, Recovery Resilience Fund, development policy; 6) Promote coalitions change mitigation, example coalition permafrost, fund contain permafrost thaw; 7) platform new economics action share lessons learned best practices.