Q&A: The Eastern Partnership post 2020 priorities europa-nu.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europa-nu.nl Daily Mail and Mail on Sunday newspapers.
The EU is the worldâs biggest investor in development. European finance and support transform lives every day.
The EU is set to invest â¬79.5 billion on development and international cooperation in neighbouring countries and further afield by 2027. Find out more in our video.
As part of its 2021-2027 budget, the European Union is overhauling how it invests outside the bloc. Following a landmark deal with EU countries in December 2020, MEPs will vote during June s plenary session in Strasbourg on establishing the â¬79.5 billion Global Europe fund, which merges several existing EU instruments, including the European Development Fund. This streamlining will allow the EU to more effectively uphold and promote its values and interests worldwide and respond more swiftly to emerging global challenges.
The EU comes to South-East Asia thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Summary
North African countries such as Morocco and Tunisia can help Europe meet its carbon emissions targets and strengthen its position in the face of fierce competition from China for economic and political influence.
By encouraging European investment in renewable energy, the European Green Deal can increase local workforce opportunities, promote development, and stabilise migration, enhancing stability in the region.
The EU should promote green hydrogen projects in Morocco and Tunisia. These would contribute to its climate neutrality goals and develop both European industrial leadership and local economies.
The EU should also promote new electrical interconnections across the Mediterranean, to foster an integrated electricity market.