As Europe steers toward a greener future, the new Commission and Member States face crucial challenges. Balancing the implementation of the European Green Deal with the need to safeguard European industry’s competitiveness — in the context of the return of Trump-era policies and the ongoing Ukrainian war — will be no small feat.

Last month at COP 28, 198 countries agreed unanimously to transition away from fossil fuels. This means “peak oil” is somewhere near the horizon, and signals a pivotal shift in our global energy landscape.