EU-Argentina Partnership: Advancing Green Energy Cooperation for a Sustainable Future
Key Ideas
  • The European Union and Argentina have reaffirmed their commitment to advancing the green transition through partnerships focusing on renewable energy, energy efficiency, and hydrogen.
  • The EU's Green Deal and REPower EU plan have led to legislative changes, reduced reliance on Russian gas, and significant growth in wind and solar capacities.
  • The Global Gateway Investment Agenda will see the EU investing over EUR 45 billion in the region, particularly in renewable hydrogen projects, to kickstart a robust hydrogen market in Argentina.
  • Both parties aim to produce and import significant amounts of hydrogen by 2030, fostering economic growth, job opportunities, and stronger energy relations.
In a move to enhance global energy cooperation, the European Union (EU) and Argentina have reiterated their commitment to advancing the green transition through a strengthened partnership. The focus areas of collaboration over the past three years have included renewable energy, energy efficiency, interconnections, hydrogen, and critical raw materials. President of the European Commission, Dr. Ursula von der Leyen, emphasized the EU's ambitious energy reform agenda, citing legislative changes and market operations redefinition following the Green Deal presentation nearly five years ago. The EU has intensified its energy diplomacy to diversify suppliers and accelerate clean energy transition, reducing Russian gas imports and boosting wind and solar capacities post the 2022 Russian invasion of Ukraine. Argentina plays a significant role in this global strategy, with the EU investing over EUR 45 billion in the region to support key projects, particularly in renewable hydrogen development. The partnership aims to create a robust hydrogen market in Argentina, fueling economic growth and job opportunities. Moreover, the EU and Argentina collaborate on multilateral platforms like the Global Targets on Renewables and Energy Efficiency, aligning efforts on climate change solutions. The EU also aims to produce and import significant amounts of hydrogen by 2030, demonstrating a commitment to green energy and fostering closer energy relations between the EU and Argentina.
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