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EU and US Perspectives: Changing climates
EU and US Perspectives: Changing climates
EU and US Perspectives: Changing climates

SUERF • CGEG|COLUMBIA|SIPA • EIB • SOCIETE GENERALE

EU and US Perspectives: Changing climates


Format: Hybrid ⁄ Online via Cisco WebEx
Date:    Tuesday, 12 October 2021
Time:    14:00-19:20 CET (Brussels, Frankfurt, Paris, Vienna)
            08:00-13:20 EST (New York)

Several developments are currently shaping transatlantic relations in important ways.

  • First, the new US administration pursues climate protection as an active goal, opening up the possibility for a transatlantic climate protection and energy system transformation effort. At the same time, both in the US and in the EU, first important initiatives need to be followed by more decisive action to make a difference. Where do we stand, what are the prospects on both sides of the Atlantic?
  • Second, the US administration has reaffirmed US interest in a close economic and trade links. At the same time, there remain issues of contention, such as a fair taxation of large digital enterprises at the place where business is done, Europe’s economic links with its neighbour Russia, which crystalizes in the North Sea 2 pipeline, or perception in some EU quarters of asymmetric action with regards to freedom of trade of vaccines.
  • Third, asymmetries in the recovery are emerging. The speed with which vaccination campaigns is proceeding in the US versus the EU is setting countries in a different phase of the cycle. After the first massive policy support, both in terms of monetary and fiscal policy, the risk of policy divergence across the Atlantic increases. How much fiscal policy is needed? How successful will the US be with the implementation of the new proposed investment plan and the EU with the implementation of the Recovery and Resiliance Facility? How to prepare nations for a possible new normal, of ”living with the virus” and the need for regular vaccine updates and refreshments?


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