greentransition

Navigating the Green Transition: The EU and Vietnam’s Partnership for a Decarbonised Future

In the aftermath of COP28 in Dubai, the début of Vietnam’s Resource Mobilisation Plan (RMP) by its Prime Minister Phạm Minh Chính signifies a notable milestone in advancing the implementation of the Just Energy Transition Partnership (JETP). The timing of the launch also highlights the progress made one year after the collaborative agreement was formed between Vietnam and the International Partners Group (IPG), co-led by the EU and the UK, during the December 2022 EU-ASEAN summit in Brussels.

The German Automotive FDI in China: EVs, Innovation and Competitiveness

German carmakers Volkswagen (VW), BMW and Mercedes-Benz are increasing their presence and Foreign Direct Investments in China, which is showing new investment patterns. The Chinese Electrical Vehicle (EV) expertise and technology, together with the country’s large market, could help the European automotive industry to retain global competitiveness and further its electrification process. In this context, the EU should place the European automotive industry’s interests at the centre of its green transition. Apart from the growing political scepticism and potential competition, economic collaboration with Chinese companies and the need for a broader understanding of the Chinese market as well as related strategies will become increasingly important in the long term.

The EU-ASEAN Energy Dialogue – Practices and implementation

During the EU-ASEAN Commemorative Summit held in Brussels on 14 December 2022, the European Commission and the Members of the Association of Southeast Asian Nations (ASEAN) agreed to launch an Energy Dialogue. Between November and December 2022 Indonesia and Vietnam signed a JETP to fight climate change by reducing the use of fossil fuels and developing renewable energy sources. ASEAN’s green transition with EU cooperation can be very fruitful and a leading example for many other countries.