The study advocates for an approach centered on equity, ensuring that the transition to renewable energy addresses both the EU’s environmental and energy security needs while catalyzing economic development and sustainability in the Southern Neighbourhood. It highlights the importance of collaborative efforts in technology transfer, capacity building, and innovative financing mechanisms to create a resilient and sustainable energy infrastructure benefiting both regions. The study’s recommendations offer a roadmap for a fair and cooperative green transition, aligning efforts with broader goals of sustainable development and mutual prosperity.