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Global Gateway: Towards a European External Climate Security Strategy?

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Couverture Global Gateway: Towards a European External Climate Security Strategy?
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Transport, energy, water and telecommunications infrastructures are vital for economic development. These infrastructures are also fundamental for the achievement of the 2030 Sustainable Development Goals (SDGs), which have suffered a setback notably due to the Covid-19 pandemic, wars, and weak economic performance. Based on the Global Infrastructure Outlook, the world needs 97 trillion dollars ($) in infrastructure investments (energy, water, airports, ports, rail, road, and telecommunications) over 2016-2040, and based on the current investment trends ($79 trillion over the given period), the cumulative global infrastructure investment gap amounts to $18 trillion.

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Global Gateway corner at Mining Indaba Forum
Global Gateway corner at Mining Indaba Forum
© Marc-Antoine Eyl-Mazzega
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Bridging the global infrastructure investment gap, especially in Africa, is paramount for achieving the 2030 Sustainable Development Goals. The investment needs to be associated with the energy transitions and the fight against climate change further increase the financial gap for developing countries.

Global Gateway puts principled connectivity at the core of the EU’s external action, linking geoeconomic and climate diplomacy with development policies under a Team Europe approach.

Selected projects are to be driven both by the needs of partner countries and the EU’s interests. The aim is to mobilize three hundred billion euros in investments by 2027 by using public funds to crowd in private investments.

The private sector is to play a key role in shaping the Global Gateway actions. It remains to be seen if the Team Europe approach can make a difference at the required scale. Strategic adjustments could further unleash Global Gateway’s potential.

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979-10-373-0853-5

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Global Gateway: Towards a European External Climate Security Strategy?

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Author(s)
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Diana-Paula GHERASIM

Diana-Paula GHERASIM

Intitulé du poste

Research Fellow, Head of European Energy and Climate Policies, Energy and Climate Center, Ifri

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Climate & Energy
Center for Energy & Climate
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Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.

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Europe’s Black Mass Evasion: From Black Box to Strategic Recycling

Date de publication
02 December 2024
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EV batteries recycling is a building block for boosting the European Union (EU)’s strategic autonomy in the field of critical raw minerals (CRM) value chains. Yet, recent evolutions in the European EV value chain, marked by cancellations or postponements of projects, are raising the alarm on the prospects of the battery recycling industry in Europe.

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Couverture Politique étrangère 4-2024

The New Geopolitics of Energy

Date de publication
03 December 2024
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Following the dramatic floods in Valencia, and as COP29 opens in Baku, climate change is forcing us to closely reexamine the pace—and the stumbling blocks—of the energy transition.

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Can carbon markets make a breakthrough at COP29?

Date de publication
30 October 2024
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Voluntary carbon markets (VCMs) have a strong potential, notably to help bridge the climate finance gap, especially for Africa.

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Taiwan's Energy Supply: The Achilles Heel of National Security

Date de publication
22 October 2024
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Making Taiwan a “dead island” through “a blockade” and “disruption of energy supplies” leading to an “economic collapse.” This is how Colonel Zhang Chi of the People’s Liberation Army and professor at the National Defense University in Beijing described the objective of the Chinese military exercises in May 2024, following the inauguration of Taiwan’s new president, Lai Ching-te. Similar to the exercises that took place after Nancy Pelosi’s visit to Taipei in August 2022, China designated exercise zones facing Taiwan’s main ports, effectively simulating a military embargo on Taiwan. These maneuvers illustrate Beijing’s growing pressure on the island, which it aims to conquer, and push Taiwan to question its resilience capacity.

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Global Gateway corner at Mining Indaba Forum
© Marc-Antoine Eyl-Mazzega

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Global Gateway: Towards a European External Climate Security Strategy?