Energy Transformation and the UAE Green Economy: Trade Exchange and Relations with Three Seas Initiative Countries

Abstract

In 2015, on the initiative of Poland and Croatia, the Three Seas Initiative (3SI) was adopted, combining economic and political cooperation between 12 countries of Central and Eastern Europe, located between the three seas of the Adriatic, the Baltic, and the Black Sea. Since then, there has been a dynamic relationship between these countries and the United Arab Emirates. Consequently, most 3SI states have signed economic cooperation agreements, establishing the Joint Economic Committees (JEC). Therefore, this manuscript aims to answer the research question to what extent the visits at the highest level support the trade exchange between the United Arab Emirates (UAE) and the 3SI countries. Another question is, what are the cooperation prospects related to the energy transformation and initiatives on the green economy for sustainable development? To find the answer, the author implemented quantitative methods together with case studies. The results show that regular top-level visits support trade. At the same time, the study demonstrates a strategic potential for energy transformation.