The international hydrogen partnerships will reshape the global energy landscape. What should be the guiding principles of such partnerships? More
Geopolitics press the EU to solve the sustainability, supply security, and competitiveness trilemma. How can Europe achieve energy sovereignty? More
EU countries agreed to skim off the revenues of energy producers to relieve citizens. But can this threaten the expansion of renewable energy? More
What is the status quo on circular economy in Europe, who can we learn from, and which instruments are needed to lead a comprehensive transformation? More
EU Commission President Ursula von der Leyen announced that a proposal for a European Sovereignty Fund to support European industry’s green and digital transition would be presented in the summer of 2023. The Commission calls for a common European industrial policy with common European funding. It frames the ESF as an important part of the European reaction to the US Inflation Reduction Act (IRA). At this point, no details were given on where the “European funding” should come from. The debate is ongoing currently in between using the existing common European debt or channeling the unused money from the EU’s pandemic recovery fund. This will be a crucial point for political discussions with the Member States, which has been already initiated by the Swedish Presidency of the Council. According to the Commission, the upcoming midterm review of the MFF (EUs multi-annual budget) around the summer will serve as an opportunity to put forward the proposal in more detail.
FES Just Climate acts as a think tank about current and coming trends, and a policy advisor in ongoing debates. We support FES offices and their partners in shaping the industrial revolution of our times. We focus on energy, industrial, structural and labor policies, and the European Green Deal.
In the future, climate and social policymust be two sides of the same European coin. We need to develop climate-neutral energy systems and industries. Simultaneously, we need to safeguard and strengthen the welfare state, local participation and workers’ rights.We shall be working on this with our political, trade union and civil society partners, as well as other think tanks.