The Role of the European Union’s Raw Materials Diplomacy in the Green Transition
The Role of the European Union’s Raw Materials Diplomacy in the Green Transition

Author(s): Gábor Papp
Subject(s): Supranational / Global Economy, Energy and Environmental Studies, Green Transformation
Published by: EUROPEUM - Institut pro evropskou politiku
Summary/Abstract: Even though the question of energy and supply security has global implications and is being discussed globally, Europe was particularly affected by these aforementioned events. This is because of, on the one hand, its historical and deep dependence on Russian fossil fuels and, on the other hand, the lack of many raw materials in its own soil. Within a month after the breakout of the war, the heads of state or government of the EU member states came up with the Versailles Declaration in their informal meeting in March 2022. In this document, the green agenda and the security of energy supply have already been linked together. It stated that over the past few years, the European Union has set the target of climate neutrality by 2050, however, working on this goal has been challenged by how the current situation affects the security of energy supply.

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