Analysis CLIMATE CHANGE, ENERGY AND ENVIRONMENT THE EASTMED PIPELINE– ISRAEL TO THE RESCUE FOR EUROPE’S ENERGY TRANSFORMATION? Paula Tacke January 2023 Europe is at a critical juncture in its energy transition. The European Union has committed to reducing its greenhouse gas emissions and phasing out its reliance on fossil fuels. This transition presents both challenges and opportunities for the EU and its partners. This report outlines the current state of Europe's energy sector and discusses the challenges and opportunities that the continent faces as it moves towards a more sustainable energy future. Special attention in this report is given to the potential and benefits of a cooperation between the EU and Israel on the field of energy transformation.