As the largest and wealthiest market in the world, the transatlantic economy accounts for one third of global GDP in terms of purchasing power, providing employment “to 16 million workers […] on both sides of the Atlantic”. At the same time, the EU and the US are responsible for one fourth of global greenhouse gas (GHG) emissions. With market power and environmental impact feeding off one another, the world needs a concerted transatlantic response to climate change. That being said, the United States and the European Union have clearly parted ways on climate change and environmental policy. How can the transatlantic relationship be expected to drive a “green” economic recovery, and what proposals can be developed for renewed EU–US cooperation on this vital objective?
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