The rules of Solvency II, the 2009 EU regulatory framework for insurance firms, have proved their worth but need to be adapted to new circumstances. In an opinion adopted at its plenary session on 23 February, the European Economic and Social Committee (EESC) welcomed the initiative of the European Commission (EC) to revamp Solvency II. The Committee stresses the considerable interest of civil society in ensuring the stability of the financial sector, and therefore calls for sound capital requirements and risk preparedness in the insurance sector.
EESC plenary debate with Kadri Simson, Commissioner for Energy
9 December 2021
The EESC Consumers and Environment Category has made significant contributions to the protection of consumer rights and the environment in Europe. It has championed topics such as the regulation of consumer over-indebtedness, planned obsolescence and the circular economy. Fair and just climate mitigation and adaptation must take centre stage of the Category's activities in the future as consumers and citizens will be key actors in the green transition.
Conference '30 years defending European consumers', 1 October 2021
Statement by the Diversity Europe Group III
The new EU Strategy on Adaptation to Climate Change is a crucial step towards achieving climate neutrality and resilience by 2050. European civil society strongly supports the Commission's commitment to strengthening efforts on climate proofing, resilience building, prevention and preparedness. The floods occurring in Western Europe, just weeks after a record-breaking heatwave in the US and Canada, are fresh reminders of the pace of change.
EESC plenary debate on 7 July 2021
Europe and the world have to prepare for the unavoidable impacts of climate change. COVID-19 has made things more difficult, but it has also created an unprecedented opportunity: to use the EU recovery funds to revitalise the economy and at the same time ensure that the EU becomes climate-resilient and fully adapted, while achieving climate-neutrality.
On 22nd of April we celebrate the Earth Day to empower and expand the environmental movement. This year's emphasis is on supporting local communities, focusing on areas that are disproportionately affected by environmental issues.
In response to the Commission Communication Stepping up Europe's 2030 climate ambition, the European Economic and Social Committee (EESC) reaffirms that the Commission's decision to raise the EU's ambition on reducing greenhouse gas (GHG) emissions to at least 55% below 1990 levels by 2030 is the right one. However, in its opinion Stepping up Europe's climate ambition, the EESC insists on increasing efforts to achieve the intermediate targets, speeding up the process and placing the European citizens at the centre of climate action. Failing this, the EU will be at risk of missing its climate-neutral goal by 2050.