EU-US secure cooperation on energy, climate and free trade

Leaders gathered in Brussels for the EU-US summit on Wednesday (March, 26) decided to  reinforce energy security in Europe through fostering cooperation with US, in order to reduce EU’s energy dependency on Russian gas in the wake of Ukrainian crisis. According to a joint statement, US and European leaders said they “welcome the prospect of US LNG exports” to diversify EU mix, and they agreed to strengthen knowledge-sharing on carbon capture and storage and development of unconventional energy resources.

On climate change, EU and US declared shared intent to reach “the adoption in Paris in 2015 of a protocol, another legal instrument or an agreed outcome with legal force under the Convention applicable to all Parties”, consistent with the goal of limiting the global temperature increase to below 2°C.

Alongside a determination to conclude the free-trade bilateral agreement (TTIP) under discussion, EU and US leaders said they prepare to launch negotiations on liberalising trade in environmental goods under the WTO,  in order to “make real contribution to both the global trading system and the fight against climate change”.