lboone1_KENZO TRIBOUILLARDAFP via Getty Images_EUsemiconductors Kenzo Tribouillard/AFP via Getty Images

Economic Statecraft for the Green Transition

The European Union has recently undergone a “geopolitical awakening,” with member states recognizing the need for greater sovereignty to ensure their security, not only in terms of defense, but also with regard to the economy and, more broadly, Europe’s vision of the world. And that will require a strategy for economic statecraft.

PARIS – The European Union currently faces two main challenges: achieving the green transition and exercising economic leadership. Both are existential in nature. Just as the green transition is vital to protect the planet on which our survival depends, economic leadership is essential to preserve the democratic, environmentally friendly, market-based model that underpins our way of life. Economic statecraft offers a means of meeting both challenges.