Unlocking Global Gateway towards the Green Transition
In December 2021, the president of the European Commission Ursula Von der Leyen unveiled Global Gateway. With an investment package of 300 billion euros, compromising both public and private funds, the Global Gateway seeks to accelerate the green and digital infrastructure development. By adopting this multifaceted approach, Global Gateway strives to transcend traditional dependency dynamics and encourage equal partnerships. At the core of the Global Gateway’s initiatives lies a strong commitment to the UN Sustainable Development Goals and the Paris Agreement. Recognizing the pressing need for sustainable development, the strategy aims to integrate these global frameworks into every facet of its initiatives. However, there are concerns about the effectiveness of the project and the partnerships it aims to establish. Therefore, it remains to be seen whether the Global Gateway and its proposed collaborations will be fit for purpose as the project is facing lingering issues that may counter its objectives.
(Photo credit: Michael Gaida, Pixabay)