While the past years have been tested by geopolitical power shifts, bilateral tensions and unilateral tendencies, the victory of President-elect Joe Biden and Vice-President-elect Kamala Harris, present a once-in-a-generation opportunity to revamp transatlantic priorities. The EU and US could make climate neutrality \u201ca new global benchmark\u201d and can \u201cset a global template\u201d on green trade once Joe Biden takes up the presidency next year, according to top EU official.\u00a0The EU’s proposal includes for example a joint commitment to net-zero emissions by 2050; a joint trade and climate initiative to avoid carbon leakage; a green technology alliance; a global regulatory framework for sustainable finance; and joint leadership in the fight against deforestation, and stepping up ocean protection.<\/p>\n\n\n\n
The new agenda spans four areas, highlighting first steps for joint action that would act as an initial transatlantic roadmap, to address key challenges and seize opportunities in:<\/p>\n\n\n\n
1. Working together for a healthier world: COVID-19 and beyond
2. Working together to protect our planet and prosperity
3. Working together on technology, trade and standards
4. Working together towards a safer, more prosperous and more democratic world<\/p>\n\n\n\n
Ursula von der Leyen, President of the European Commission, said: \u201cWe are taking the initiative to design a new transatlantic agenda fit for today’s global landscape. The transatlantic alliance is based on shared values and history, but also interests: building a stronger, more peaceful and more prosperous world. When the transatlantic partnership is strong, the EU and the US are both stronger. It is time to reconnect with a new agenda for transatlantic and global cooperation for the world of today.\u201d Based on the Commission\u2019s proposal, the European Council will likely endorse this outline and propose a defining roadmap ahead of the EU-US Summit in the first half of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Commission and the High Representative have put on Dec. 2, 2020 a brand-new proposal for a forward-looking transatlantic agenda. In essence, the EU set sights on a renewed \u2018transatlantic green trade agenda\u2019 with Biden presidency. While the past years have been tested by geopolitical power shifts, bilateral tensions and unilateral tendencies, the victory …<\/p>\n","protected":false},"author":4,"featured_media":3286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[1262],"tags":[1165,1168,987,1167,1169],"class_list":["post-3289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-face-news-en","tag-biden","tag-climate","tag-european-commission","tag-ransatlantic-green-trade-agend","tag-zero-emissions"],"openstation_lock":null,"openstation_contributors":[],"openstation_attached_media":[3286],"yoast_head":"\n