The European Union has released a new Joint Communication on its global climate and energy vision, reaffirming the central role of the Carbon Border Adjustment Mechanism (CBAM) in its strategy to accelerate the global clean energy transition. The document, issued jointly by the European Commission and the High Representative for Foreign Affairs, sets out a plan to strengthen Europe’s industrial competitiveness while supporting partner countries through green development initiatives.
At the heart of the strategy is the promotion of a Clean Industrial Deal beyond the EU’s borders — aiming to build fair, sustainable, and resilient economies worldwide. The EU highlights its commitment to supporting partner countries in achieving climate goals through innovation, technology transfer, and access to finance.
Although CBAM will remain a key pillar of the EU’s climate policy, the bloc acknowledges the need to mitigate its impact on developing countries. To this end, the new plan introduces Global Europe, a financial instrument with a proposed budget of €200 billion for 2028–2034, allocating 30% to climate and environmental spending. This funding aims to foster clean investments, adaptation, and inclusive green growth.
The strategy also reinforces the Global Gateway initiative, designed to mobilize private investment and financial institutions for clean infrastructure and energy projects worldwide.
With this new vision, the EU positions itself as a global leader in sustainable development — demonstrating that climate neutrality and economic prosperity can advance together.
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