The European Union and the United States share a common approach on the need to promote open, transparent, competitive and sustainable global energy markets, and have been cooperating in the energy sector for many years.
The EU and the US are similarly affected by the supply and price vulnerability resulting from a level of dependence on foreign oil. To counter such volatility, we are both looking toward renewable energy sources and green technologies, and the anticipated job creation that will result from increased investment in these areas.
In 2009, the European Union and the United States established the ministerial-level EU-US Energy Council to deepen our dialogue on strategic energy issues, cooperate on energy policies, and strengthen research collaboration on sustainable and clean energy technologies.
Climate change and environmental legislation are also important areas of EU-US cooperation. Launched in 2006, the EU-US High Level Dialogue on Climate Change, Clean Energy and Sustainable Development promotes efforts to reduce pollution and greenhouse-gas emissions while supporting economic growth.