The objective of this proposal is to improve sustainability reporting at the least possible cost, in order to better harness the potential of the European single market to contribute to the transition towards a fully sustainable and inclusive economic and financial system in accordance with the European Green Deal and the UN Sustainable Development Goals.
The EESC underscores the potential key role of the Sustainable Finance Taxonomy Delegated Regulation in creating a clear, coherent and comprehensive framework to highlight the ambitious development of a greener economy without lock-in effects. The taxonomy should build on technical criteria that clearly define the green investments that directly contribute to Europe's climate objectives.
The Commission's 'better regulation' system is one of the most advanced regulatory approaches in the world. It systematically assesses the economic, social and environmental impacts of policy action and ensures a consistently high quality of proposed legislation. On 29 April 2021, the Commission adopted a Communication on Better Regulation, proposing several improvements to the EU law-making process, in order to ensure that EU policies support the recovery and resilience of the EU and its twin transition in the best possible way. To foster Europe's recovery, it is more important than ever to legislate as efficiently as possible, while making EU laws better adapted to tomorrow's needs.
The EESC welcomes this revised coordinated plan and calls for its expedited implementation by all stakeholders playing their part.
Member States prepared their recovery and resilience plans that set out a coherent package of reforms and public investment projects. To benefit from the support of the Facility, these reforms and investments should be implemented by 2026.
EESC opinion: The role of cohesion policy in combatting inequalities in the new programming period after the COVID-19 crisis. Complementarities and possible overlaps with the RRF and the national recovery plans (Own-initiative opinion)
The Commission proposal for a new regulation on machinery products is part of a wider 'Artificial intelligence (AI) package'.