Sustainable development - Related Opinions

Every year in February, the EESC adopts an opinion on the Annual Sustainable Growth Survey (ASGS), which the Commission usually presents at the end of November in the year before. To reinforce the Committee's impact throughout the entire annual European Semester cycle, an own-initiative opinion with additional considerations is regularly produced by October taking into account the overall European Semester process and RRF developments, and providing a timely input to the Commission's preparation of the next ASGS expected again for November 2024. 

This opinion focuses on the reform and investment measures in the Member States, in particular those based on the Country-Specific Recommendations 2023, and their implementation, in order to assess the effectiveness of these measures and the possibilities for better targeting of proposals, improved implementation and the monitoring and involvement of organised civil society in the procedures. This opinion also looks at issues concerning the ongoing reform of the EU’s economic governance rules, the central objective of which is to strengthen public debt sustainability while promoting sustainable and inclusive growth in all Member States through reforms and investment. Moreover, the opinion continues the previous consultation exercises by examining the state of the implementation of the reforms and investments provided for in the national Recovery and Resilience Plans and which are financially supported by RRF funds.

According to Article 175 of the TFEU the Commission shall submit a report to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions, every three years, on the progress towards achieving economic, social and territorial cohesion.

The 9th report which covers the first period (2021-2023) of the programming period 2021-2027 will include a record of progress made towards achieving economic, social and territorial cohesion, including the socio-economic situation of regions as well as the integration of EU priorities. It will also include, where appropriate, an indication of future EU measures and policies necessary to strengthen cohesion, as well as to deliver EU priorities.

Climate change is a matter of urgency and demands a green shift in our economies. To achieve the EU's climate targets, a profound modernisation of the capital stock is needed. This entails a massive expansion of public investments. The need for an EU-level investment fund to finance the green transition is also a matter of economic strength and sustainable competitiveness. One central element of closing the financing gap is an investment friendly reform of the EU fiscal rules. While the reform process is still ongoing and is supposed to be finished by the end of this legislature, it is already clear that the fiscal space for public investments at national level will not significantly increase with the reform.

Every year in February, the EESC adopts an opinion on Annual Sustainable Growth Survey, which the Commission usually presents at the end of November in the year before. The Committee works under tight deadlines, in anticipation of the referral, to finalise the opinion before the March Council discussion on the topic. To reinforce the Committee's impact throughout the entire European Semester, an own-initiative opinion with additional considerations is regularly produced by October taking into account the overall European Semester, which plays a central role in implementing the Recovery and Resilience Facility and is vital in current discussions about the review of the EU macro-economic governance framework.

The focus of current informal discussions in the Council is on how cohesion policy can adjust to the new circumstances following the unforeseen shocks that Europe has faced in the last years without losing its long-term development goals. The Spanish Presidency refers to "Cohesion policy 2.0" in this context, which particularly means that cohesion policy needs to be transformed and become more modern and flexible. Also, it will need to take into account the RRF which will come to an end at some time.

The EESC emphasises that the designing of proposals for new sources of own revenues should be done in context of the budgetary pressures faced by Member States following the pandemic and the ongoing international tensions. This has become all the more important in the current higher interest rate environment. The EESC also emphasises that the second set of own resources measures should be in line with the proportionality and social fairness principles. An EU-wide tax on digital transactions could be potentially considered to increase own resources in case the agreed rules of the OECD/G20 Inclusive Framework are not respected by other major trading partners.