June 2021 Raising Private Sector Investments and Social Awareness to Boost the Green Transition in the Southern Neighbourhood: Two Parts of the Same Equation
Simone Tagliapietra Research Fellow at Bruegel Adjunct Professor at Università Cattolica del Sacro Cuore and The Johns Hopkins University

Abstract

In February 2021, the European Union (EU) adopted a new agenda for the Mediterranean. The strategy postulates that the EU and its partner countries in the Southern Neighbourhood (SN) should work together to strengthen environmental, energy and climate change resilience – with a view to helping to mitigate risks to human lives and livelihoods and promote sustainable development, job creation and transition to high value sectors.

This Policy Brief suggests that there are two key ingredients to boost the green transition in the SN: promoting private sector investments through climate finance and raising social awareness to ensure the stability of the green transition. Concrete policy recommendations are formulated in both areas.