Geoeconomics of the European Green Deal
The energy transition is reshaping global energy supply chains. This evolution is developing in a context of growing geoeconomic tensions as countries are reconsidering their industrial strategies to seize opportunities and manage risks. The paper will discuss how decarbonisation policies, and the Green Deal in particular, are likely to affect the evolution of supply chains in the context of the energy transition. The paper will first consider the growing contested geoeconomics landscape and its effects on the energy transition. Then it will analyse where the European Union stands in the evolving landscape – especially regarding key clean energy supply chains – in order to assess opportunities and risks. Finally, the paper will investigate some measures and actions undertaken within the Green Deal framework that the EU could use to seize opportunities and manage risks.
Paper produced in the framework of the IAI-Enel Foundation project “European Green Deal: Reaching Beyond Borders”.
1. The energy transition in a contested geoeconomic landscape
2. Rising EU climate ambitions in the evolving geoeconomics of supply chains
3. The role of the Green Deal
An industrial strategy and thinking
The Battery Alliance
Critical Raw Materials Strategy
CBAM, finance and trade considerations
4. Open questions and policy recommendations
Protectionism vs interconnectivity
Industrial policies in key sectors
Technological sectors and regulatory aspects
Critical raw materials
Scientific and technological cooperation