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A Transatlantic Climate Alliance

Summary:
Never before have the climate goals, needs, and challenges of the US and the EU been so closely aligned. When Joe Biden visits Europe for the first time as US president, he should capitalize on this to begin forging a transatlantic green deal. MADRID – The stars may, at long last, be aligned for closer transatlantic cooperation on climate change. As US President Joe Biden heads to Europe, he should be preparing to make the most of this promising constellation. Chile’s Constitutional Revolution Rodrigo Arangua/AFP via Getty Images The Ecology of Innovation PS OnPoint DrAfter123/Getty Images

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Never before have the climate goals, needs, and challenges of the US and the EU been so closely aligned. When Joe Biden visits Europe for the first time as US president, he should capitalize on this to begin forging a transatlantic green deal.

MADRID – The stars may, at long last, be aligned for closer transatlantic cooperation on climate change. As US President Joe Biden heads to Europe, he should be preparing to make the most of this promising constellation.

Both the European Union and the United States have now committed to achieving climate neutrality by 2050. And they have established similar milestones along the way: by 2030, the EU intends to slash its greenhouse-gas (GHG) emissions by at least 55%, relative to the level in 1990, while the US intends to cut them by 50-52% from their 2005 level.

To fulfill these commitments, the EU and the US will have to overcome many of the same challenges. For starters, they must scale up the deployment of existing clean technologies (including solar panels, wind turbines, and electric vehicles) and foster innovation in emerging...

Ana Palacio
Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, is a member of the Spanish Council of State, a visiting lecturer at Georgetown University, and a member of the World Economic Forum's Global Agenda Council on the United States.

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