This Occasional Paper aims at giving another perspective on the relevance of climate change for the EU’s foreign policy. Considering its linkages with various policy areas such as energy security, economic growth, foreign policy and even political stability, climate change is a major “game-changer” in international relations, and constitute a significant opportunity to reshape the international order according to the new global equilibria. As such, the set up of the climate change regime constitutes for the EU both an opportunity and a threat, in as much as it may either accelerate Europe’s decline as a foreign policy centre or, on the contrary, trigger a new start for its diplomatic ambitions.
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When in 1992 the decision to provide Europe with the single currency was adopted, voices were raised claiming that it may be difficult to have a monetary union without a political union. This is considered to be particularly the case on occasion of “asymmetric shocks” which may hit weaker “peripheral economies” in a monetary union, […]