The EESC strongly supports the goal of redirecting investments in such a way that they contribute to the EU's transition to a sustainable economy but calls for the social partners and civil society to be brought better on board in the design and implementation of sustainable finance. The EU green bond standard has the potential to yield significant economic benefits for both issuers and investors alike and help the green transition.
The EU is the world's biggest producer of glass with a market share of around one third of total world production. The industry is known for the quality of its products, its capacity for technological innovation and its skilled labour force. The glass industries comprise five sectors covering different glass products, applications and markets: containers, flat glass, glass fibre, special glasses and domestic glass.
HEARING in the framework of the EESC study group CCMI/180 - Glass in Europe
Download — Opinjoni tal-KESE: Glass in Europe at a crossroads: delivering a greener, energy-efficient industry, while enhancing competitiveness and maintaining quality jobs (own-initiative opinion)
In its opinion, the EESC focusses on the revision of the Consumer Credit Directive which has some shortcomings: a certain number of important obstacles are due to the application, implementation and enforcement of the Directive as well as wider market developments not foreseen at the time it was drawn up in 2008.
Download — Opinjoni tal-KESE: Credit agreements for consumers
The EESC strongly believes in the importance of the next Semester cycle as a key instrument for implementing the Recovery and Resilience Facility.
However, it is still concerned about the lack of clarity in most Member States as regards their National Recovery and Resilience Plan governance systems and the distribution of responsibilities for their implementation.
The EESC would also draw attention to the need to measure progress in implementation, for which good monitoring indicators are needed; in this connection it welcomes the "Recovery and Resilience Scoreboard" initiative.
Moreover, the COVID-19 crisis has highlighted the need for a strong industrial policy to avoid dependence on other economic zones for many products and services.
The EESC wants to see real action in this respect by Member States, in terms of investment in education, infrastructure and industrial policy to raise employment and boost European industry.
