A service of the

Forum · Issue 4 · 2026
Energy Security and Green Transformation Under Geopolitical Shock

Forum · Issue 3 · 2026
From Signature to Standstill: The Future of the EU–Mercosur Agreement

Forum · Issue 2 · 2026
Stablecoins, the Digital Euro and the Future of Monetary Sovereignty in Europe

Forum · Issue 1 · 2026
US Policy Shifts and the Changing Global Economic Landscape: What Implications for Europe?

Forum · Issue 6 · 2025
Frontiers of Growth: Europe’s Struggle for Resilience, Sustainability and Social Justice

Forum · Issue 5 · 2025
Policy Innovation for a New World Order

Editorial
From the Plaza Accord to the Busan Truce and Back

Global rebalancing requires more than domestic reforms. Shahin Vallée makes the case for renewed international coordination on exchange rates.

Letter from America
Poetry and Politics: America's Loss is Europe's Gain

Europe needs to redefine itself against the decline of democracy in the US, writes Cathryn Clüver Ashbrook. To do so, Europe must realize that its strongest asset in the competition of nations now is trust.

International Relations
Deeper Cooperation: The Free and Fair Trade Club

To counter Chinese state subsidies and US bullying, the EU should team up with the CPTPP bloc of Pacific rim countries to form a new Free and Fair Trade Club, writes Jürgen Matthes.

©chones/Adobe Stock

Forum
Green Transition, Energy and Economic Security

Geopolitical fragmentation appears to pit climate goals against energy and economic security. But the EU needs to consider which dependencies are strategically consequential and in which areas capability building is feasible, write Francesco Crespi, Nicolò Geri, Dario Guarascio and Enrico Marvasi.

Defence Industry
Boosting Military Innovations and Startups

Despite new European startups, procurement remains focused on incumbent defence manufacturers. Ethan B. Kapstein, Javier Ospital and Guntram B. Wolff explain why and what can be done.

Natural Resources
What the Strait of Hormuz Tells Europe

Julian Hinz examines how the near-closure of the Strait of Hormuz – despite Europe's modest direct exposure – has revealed deep vulnerabilities in fertiliser, jet fuel and petrochemical supply chains, and what this means for Europe's critical-inputs policy playbook.

Quote of the Month

"The rise in energy prices in 2022 and 2026 have done what no policy document could: they have made the cost of inaction immediate and tangible. The window of opportunity is open. It will not stay open indefinitely."

Andreas Fischer

Europe’s Twin Imperative: Securing Energy Supply While Advancing Climate Goals

Current Issue

Volume 61
2026
Issue 4

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Figure of the Month

EU27 energy imports by country of origin in 2024, share (%) of trade in value

The US accounted for 17.3% of total EU energy import value in 2024. This included €42 billion in oil, €19 billion in LNG (representing 45.3% of the EU’s total LNG imports) and €4 billion in coal. Norway was the second-largest supplier, while Russia maintained a significant share despite ongoing sanctions.