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Despite Brexit, the European Union and the United Kingdom remain deeply linked through energy trade and shared climate ambition. Strengthening energy and climate policy cooperation offers mutual benefit to the UK and EU and an opportunity for improving political relations. Given strong mutual interests and wider public motivation, energy and climate relationships have potential to give practical realisation to the wider talk about a “reset”.

In this spirit, Bruegel and University College London jointly hosted this event which looked to explore key opportunities in this space and how the EU and UK can practically pursue solutions. Areas for discussion included enhanced cooperation on electricity market trading to efficiently leverage the North Sea renewable opportunity, and solutions to minimise trade disruptions from carbon border tariffs (especially given unique complexities to attribute climate benefits when applied to electricity trade). Held in the aftermath of COP29, we also explored greater alignment on international efforts to advance climate diplomacy.