This article argues that critical and emerging technologies, evolving geopolitical dynamics and the urgent need to pursue the green agenda are changing the traditional approach of the European Union (EU) and its Member States towards their trade and security strategies, and this is particularly evident in the domain of export controls. In search of a balance between green energy, security and technological progress, this article explores the potential for a more cohesive and comprehensive regulatory framework for export controls at the EU level. It takes the debate beyond a technical level of export control lists to discuss geopolitical and strategic assumptions surrounding inter-State cooperation on the regulation of critical and emerging technologies and their components. The article underscores, in particular, the potential unintended repercussions of controls for the EU's technological future and the prospects of the green transition in Europe and beyond. Finally, it advocates for what is often overlooked in discussions: the necessity for the EU to set clear, long-term objectives for its export controls and to align them with the purposes and objectives of other EU economic instruments.