101. Power play: Europe’s climate diplomacy in the Gulf
- Author:
- Cinzia Bianco
- Publication Date:
- 10-2021
- Content Type:
- Policy Brief
- Institution:
- European Council on Foreign Relations (ECFR)
- Abstract:
- Gulf monarchies believe hydrocarbons will continue to be a fundamental – albeit shrinking – source of revenues for decades. But, as shown by Saudi Arabia’s net-zero pledge, they now see economic and political opportunities in embracing the green energy transition. If the EU is to achieve its climate and geopolitical goals, it will need to substantially increase its engagement with Gulf states on the European Green Deal. Electricity interconnection and green hydrogen are the two most promising fields of clean energy cooperation between the sides. Europeans should not cave to international pressure to lower their ambitions on carbon taxation, including the carbon border adjustment mechanism, as this remains a powerful incentive for hydrocarbons producers to make the transition to cleaner energy.
- Topic:
- Climate Change, Energy Policy, European Union, Geopolitics, Engagement, Carbon Tax, and Carbon Emissions
- Political Geography:
- Europe, Middle East, and Gulf Nations