The European Green Deal will not only profoundly transform the economy but will also have deep geopolitical repercussions.
It will affect geopolitics through its impact on the EU energy balance and global markets; on oil and gas-producing countries in the EU neighbourhood; on European energy security; and on global trade patterns, notably via the carbon border adjustment mechanism.
The EU should prepare to help manage the geopolitical aspects of the European Green Deal.
Relationships with important neighbourhood countries such as Russia and Algeria, and with global players including the United States, China and Saudi Arabia, are central to this effort.
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