Global Gateway for a Sustainable EU Recovery
The European Commission has launched the Global Gateway, a new strategy to boost digital, energy and transport links that are smart, clean and secure.
The initiative focuses on sustainable connections that work for people and the planet, tackling pressing global challenges such as climate change and protecting the environment whilst improving health security and boosting competitiveness. It also aims to mobilise up to €300 billion in investments between 2021 and 2027 to create a sustainable recovery.
Through a ‘Team Europe’ approach, Global Gateway will bring together the EU and Member States with their financial and development institutions, including the European Investment Bank and the European Bank for Reconstruction and Development, and seek to mobilise the private sector to leverage investments for transformational impact.
Team Europe will mobilise up to €300 billion of investments in:
- Climate and energy
- Education and research
President of the European Commission, Ursula von der Leyen, said “COVID-19 has shown how interconnected the world we live in is. As part of our global recovery, we want to redesign how we connect the world to build forward better. The European model is about investing in both hard and soft infrastructure, in sustainable investments in digital, climate and energy, transport, health, education and research, as well as in an enabling environment guaranteeing a level playing field. We will support smart investments in quality infrastructure, respecting the highest social and environmental standards, in line with the EU’s democratic values and international norms and standards. The Global Gateway Strategy is a template for how Europe can build more resilient connections with the world.”
Adding to this, High Representative/Vice-President, Josep Borrell, said: “Connections across key sectors help to build shared communities of interest and reinforce the resilience of our supply chains. A stronger Europe in the world means a resolute engagement with our partners, firmly grounded in our core principles. With the Global Gateway Strategy, we are reaffirming our vision of boosting a network of connections, which must be based on internationally accepted standards, rules and regulations in order to provide a level-playing field.”
Overall, the Global Gateway will invest in international stability to show how democratic values offer certainty and fairness for investors, sustainability for partners and long-term benefits.
Find out more about the Global Gateway here.