This Committee opinion, prepared in response to the commission's request, has taken stock of the views of European stakeholders on how EU policies and regulatory action can use sustainable economic models to transition successfully towards economic modernisation by reconciling economic prosperity and efficiency, social inclusion and environmental responsibility.
Ad hoc groups & Sub-committees - Related Opinions
This opinion is on the Annual Growth Survey 2018 (AGS), which establishes the main economic priorities and provides policy guidance for the following year. The European Commission published the 2018 AGS on 22 November 2017 as part of the European Semester Autumn Package. The 2018 AGS is focused on fostering job creation and growth and establishes three main priorities: boosting investment to support the recovery and to increase long-term growth; structural reforms for inclusive growth, upward convergence and competitiveness; responsible fiscal policies to support sustainability and convergence.
The European Economic and Social Committee (EESC) endorses the priorities set out in the European Commission's 2017 Annual Growth Survey.
The European Semester is seen as a good instrument for further progress in policies and reform, leading to recovery and employment. The AGS 2017 outlines the most pressing economic and social priorities, accompanied by specific recommendations, however the EESC takes very seriously the negative aspects of the rules of the Stability and Growth Pact and Country-Specific Recommendations applied at national level to set the euro area fiscal stance.
The proposed opinion will look at new approaches to more fairly distributing the burden of transformation towards a sustainable Europe.
Just a few days ahead of last December's climate summit COP24 in Poland, the European Commission published its long-term strategy "A clean planet for all" presenting its vision for achieving net-zero greenhouse gas emissions by 2050 through a socially-fair transition in a cost-efficient manner. While the document does not contain any new policy proposals, it provides the direction of travel of EU climate and energy policy and frames what the EU considers as its long-term contribution to achieving the Paris Agreement temperature objectives in line with UN Sustainable Development Goals.
The opinion tables proposals on how to enhance the European project and bring it closer to its citizens.