On Thursday 27 June, the Bruegel think-tank published a policy brief demonstrating the need for the European Union to strengthen its green diplomacy strategy. And with good reason: the ‘European Green Deal’, which aims for carbon neutrality by 2050 and has already initiated a major legislative transformation within the EU, has increasingly visible international implications.
European demand for oil and gas is set to fall from 800 million tonnes in 2022 to 330 million tonnes in 2050.