Growing resource use is driving the triple planetary crisis, pushing the EU beyond planetary boundaries and leaving many Member States off track for the 2030 circular material use target. Demand-side measures and ambitious primary material reduction policies are essential to reverse this trend and strengthen the EU’s strategic autonomy.
This exploratory opinion will feed into the work of the European Commission during the preparations of the Circular Economy Act.
The European Economic and Social Committee emphasizes the urgent need for climate action to prevent the worst impacts of climate change from affecting societies and, ultimately, the EU population, and views the European Climate Law as a key instrument in achieving this goal. CO2 levels emitted into the atmosphere have continued to rise globally, with a new peak being reached in 2023. The EESC is convinced that the greatest support for climate policy will be established if the overall aim is to achieve the highest greenhouse gas emissions reduction at the lowest socio-economic costs.
Download — Становище на ЕИСК: European Climate Law amendment
EESC opinion NAT/946 Phasing out fossil fuel subsidies while ensuring European competitiveness, mitigating the cost-of-living crisis, and promoting a just transition was adopted at the EESC Plenary: 29-30 April 2025.
Download — Становище на ЕИСК: Phasing out fossil fuel subsidies while ensuring European competitiveness, mitigating the cost-of-living crisis, and promoting a just transition
Climate change is an existential threat for the European economy. Therefore, a comprehensive approach is needed. In this context, based on the empirical and data analyses related to the impact of climate change on the real economy, macroeconomic and financial stability is essential. As things currently stand, intensified natural disasters will lead to unprecedented costs that will have an unpredictable impact on public finance.
The European economy is currently on a downward trend. This will lead to lower revenue and, at the same time, higher demand for spending – mainly related to the costs of climate change, higher borrowing costs and negative trends in demographic development.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all developed and developing countries in a global partnership. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.
