GEP | Britcham

EU-UK Green Economy Partnership

The Call Events Signatories Participants

The European Union (EU) and the United Kingdom (UK) share common objectives on climate action, energy security [and the wider Green agenda] building on the commitments reached at COP28 and the shared ambition to transition their economies to Net Zero greenhouse gas emissions by 2050.

Further common action is necessary to ensure that both parties meet these goals by 2050. To this end, the organisations that have signed here call on the EU and the UK to sign a Green Economy Partnership.

The Call

The Green Industrial Transition will be pivotal in ensuring the 2050 Net Zero goals are met. To support this transition both the EU and the UK face the same challenges: supply of low emission and secure energy, availability of net-zero technologies, secure supply of the materials needed to make them, access to the finance and the skills necessary to drive this change.

Focused on addressing the aforementioned challenges, the Partnership should serve as a complement to the TCA, providing a framework for deeper cooperation in the following areas:

Energy

Including renewables, electric grids, nuclear, hydrogen, batteries, alternative fuels, CCUS (carbon capture, usage and storage), energy efficiency of industrial processes and energy infrastructure technology and integration.

Transport

Electric vehicles, electric vehicle recharging and alternative transport fuel technology / infrastructure. Air transport decarbonisation and enhanced air traffic management systems. Maritime transport decarbonisation including green and digitalised shipping routes.

Carbon Markets

The development of emissions trading schemes and carbon border adjustment mechanisms to increase transparency and cooperation in advancing climate target initiatives. Closer alignment of EU and UK ETS and CBAM programmes.

Capital Markets

The development of greener and more sustainable capital markets and financial systems. Facilitation of market-based solutions and the mobilisation of private sector capital towards environmental and social priorities in order to meet 2050 objectives.

Research and Innovation

Optimise the EU-UK agreement on Horizon Europe to work together in order to achieve the UN’s Sustainable Development Goals and to boost Europe’s growth and competitiveness through research, innovation and skills development supporting the European Green Deal and transition to net zero.

Overview Document

As two of the world’s strongest economies, the EU and the UK are intrinsically interlinked, it is essential that they cooperate more closely together internationally in order to meet their legally binding targets whilst enhancing the competitiveness of Europe.

This Overview document outlines the call for an EU-UK Green Economy Partnership that will provide a framework to work towards achieving the green industrial transition and net zero by 2050.

Download

Events

GREEN ECONOMY PARTNERSHIP

Green Economy Partnership Report Publication

19 November 2024

Leading Participants

Stronger cooperation between the EU and the UK is vital to achieving our shared net zero goals. Advancing green technologies will be key to decarbonisation, with the transport sector playing an important role in this transformation. The BMW Group is delighted to play a leading role in BritCham’s Green Economy Partnership.

Justus Löbler • BMW Group

The Green Economy Partnership offers a unique opportunity to align efforts in renewable energy, emissions reduction, and market integration where collaboration between the EU and UK is vital to achieving our shared net-zero goals.

Matt Hinde • National Grid

The GEP is a timely and important call for EU-UK net zero cooperation. At the time when Europe competes against China and the US on scaling cleantech, such as batteries, a joint effort between the EU and the UK is a no-brainer, for governments, companies and all stakeholders.

Julia Poliscanova • Transport & Environment

Coventry University Group has a global presence and a deep commitment to collaboration and partnerships in research, innovation, skills and employability internationally. We are delighted to be a part of BritCham's Green Economy Partnership: the timing is excellent in the context of the ‘reset’ of UK-EU relations, and we very much support its ambition for close cooperation between UK and European business in delivering on our respective climate, energy and sustainability commitments.

Gregg Jones • Coventry University

The Capital Markets pillar focuses on fostering EU-UK collaboration to enhance competitiveness and resilience, while driving investment into sustainable finance, the green transition, security and defence. Through dialogue around our regulatory frameworks and unlocking new sources of funding, this initiative aims to ensure long-term sustainable growth across Europe."

David Reed • KREAB