Trade, Money, Power: A Recipe for a Green and Competitive Europe?
Trade, Money, Power: A Recipe for a Green and Competitive Europe?

Author(s): Filip Křenek
Subject(s): Energy and Environmental Studies, Environmental and Energy policy
Published by: EUROPEUM - Institut pro evropskou politiku
Keywords: Green Europa; Paris agreement;
Summary/Abstract: The 2024 European Parliament elections have renewed discussions around the EU’s commitment to achieving net zero by 2050. Between 2019-2023, EU public support for this goal has dropped by 3 percentage with Czechia and Slovakia recording the largest decreases of 14 and 11 percentage points. Czech households experienced some of the highest electricity prices across Europe, fueling public distrusts against EU clean energy policies. As a result, pre-electoral discussions were framed in terms of reversing, stopping or recalibrating the Green Deal, not just in Czechia, but across the continent. In terms of priorities, climate and environment still feature high on the agenda for EU citizens, but have been surpassed by security and defenceand high costs of living. Similarly, the new European Strategic Agenda for 2024-2029 puts more emphasis on security and economic prosperity. To address these issues, this policy paper looks into three areas, which are necessary to safeguard EU’s competitiveness and climate ambitions: trade policy, capital markets union and energy. The topic of industrial policy, which also plays a crucial role, was addressed in a previous publication.

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