This opinion deals with three of four megatrends at the heart of the new Commission priorities: climate change, biodiversity loss and globalisation. While the European Green Deal will result in higher environmental standards with, for instance, stricter climate change targets, it is important that all Free Trade Agreements (FTAs) are not undermining these improvements by contributing to deforestation or biodiversity loss in other countries. As one of the world's largest importer of energy, agricultural goods and raw materials, the EU has contributed to deforestation and biodiversity loss in other countries.
L'industria e le trasformazioni industriali - Related Opinions
Europe is embarking on a transition towards climate neutrality and digital leadership. European businesses can lead the way as we enter this new age, as they has done in the past.
Small and medium-sized enterprises (SMEs) are essential to Europe’s competitiveness and prosperity. Based on the new SME Strategy, the EU will support SMEs by:
- encouraging innovation through new funding and digital innovation hubs as part of the sustainable and digital transitions;
- cutting red tape by reducing barriers within the Single Market and opening up access to finance;
- allowing better access to finance by setting up an SME Initial Public Offering Fund (with investments channelled through a new private-public fund) and the ESCALAR initiative (a mechanism to boost the size of venture capital funds and attract more private investment).
In its White Paper on AI the Commission makes proposals to promote the development of AI in Europe while guaranteeing respect of fundamental rights. AI is growing fast, which is why Europe must maintain and increase its level of investment. At the same time, AI presents potential risks that need to be addressed. The White Paper identifies options for maximizing the benefits of AI and solving the problems it poses, and invites stakeholders to comment on these options.
Europe is embarking on a transition towards climate neutrality and digital leadership. European industry can lead the way as we enter this new age, as it has done in the past.
Three drivers will transform our industry, support our small and medium-sized enterprises (SMEs) and keep Europe sustainable and competitive.
This own-initiative opinion refers to what a comprehensive approach to industrial policy should include, in order to reposition European production of goods and services in the global context, on the basis of an eco-social open market model that responds to the tradition and the future of the EU.
The opinion pleads for an holistic approach to reconcile growth, climate, environmental challenges and societal problems in a fair transition design.
It underlines that Europe's renaissance ( rEUnaissance) means a fully fledged master plan for European industry, mainstreaming industrial policy across all EU policies, enabling industry to transform and generating industrial added value through creativity and smart design, social innovation and fostering new sustainable and inclusive industrial models.
The EESC supports the Commission's Action Plan on financing sustainable growth, aimed at reorienting capital flows towards sustainable investment, and welcomes the legislative proposals stemming from it, on fiduciary duties, a taxonomy and benchmarks. The proposed gradual approach for its implementation, beginning with the work on a European sustainability taxonomy, is preferable. However, a subsequent extension of the initial taxonomy, based on environmental aspects, to social sustainability and governance goals will be necessary. Attention should be paid to the feasibility and proportionality of legal obligations.
With this opinion, the EESC welcomes the proposal since it strikes a balance between the need to develop technologies with a low environmental impact (Euro 5 type-approval step) and the actual ability of some companies to introduce these within the stipulated timeframe (technical feasibility).
For the EESC this legislation will have a beneficial effect on the costs to companies and, consequently, on those borne by consumers. Moreover, the EESC is in favour of renewing the Commission's power to adopt delegated acts for a further period of five years.