Commissioner Jutta Urpilainen outlines the Global Gateway investment strategy and the role of Green Energy Park
At the opening of the 4th Brazil-EU Forum in Rio de Janeiro on the 22nd of July 2024, Commissioner Jutta Urpilainen, in charge of the Global Gateway program of the European Commission, introduced Green Energy Park as a prime example pursuing the objectives of the Global Gateway investment strategy.
She highlighted Green Energy Park for its potential of becoming a "reference case for green hydrogen production" and the objectives of the Global Gateway initiative:
"Global Gateway is the EU's strategy to mobilise EUR 300 billion in sustainable investments that boost partner countries' resilience.
At its core, Global Gateway is about high-quality partnerships and advancing the Sustainable Development Goals (SDGs).
We want to establish mutually beneficial links and prosper together.
And we maximise Global Gateway's impact through an approach called Team Europe.
It combines the resources and expertise of the EU, its 27 Member States, and European development finance institutions.
Brazil is working hard to promote its industry and improve its position within global value chains.
Team Europe stands ready to support these efforts.
Through Global Gateway, we not only offer capital, but regulatory support, technology transfer, and knowledge exchange to make investments last. Investments that generate local value, create jobs, and help reduce inequalities for the long term.
Last year, at the EU-CELAC Summit, President von der Leyen unveiled the EUR 45 billion EU-Latin America and Caribbean Global Gateway Investment Agenda.
Since then, numerous Global Gateway projects are taking shape here in Brazil. The contribution to the Amazon Fund, which I just announced, is only one example.
This brings me to my final point – the importance of private sector investment. Through a mix of grants, concessional loans, and guarantees, Team Europe is derisking investment and attracting funds to the areas that need it most.
Some of you here today are already working with the EU on Global Gateway projects. As you learn more about the opportunities in the pipeline, I hope more of you will come on board.
For example, we are exploring a Green Energy Park project that could become a reference case for green hydrogen production."
Full keynote speech: https://ec.europa.eu/commission/presscorner/detail/en/speech_24_3944