Download or read book A Sustainable Recovery for the EU written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU Recovery Plan represents a unique window of opportunity to restart the socioeconomic system addressing the Covid-19 crisis, fostering a shift towards sustainable development. The UN Agenda 2030, with its 17 goals and 169 targets, provides a compass to orientate the recovery in a sustainable way, considering the economic, social and environmental dimensions in a systemic manner. The political guidelines of the President of the European Commission attribute a central role to the Agenda 2030 and its SDGs and frame sustainable development as the cornerstone of the national and EU policies. Within this context, this report contributes to a better understanding of how the EU Recovery Plan relates to the SDG framework by applying a text mining approach that automatically maps key documents of the plan with the UN goals and targets through specific keywords. This textual analysis has been applied to a collection of documents publicly available from May up until September 2020, and provides a preliminary screening of SDGs and their targets in the Recovery Plan. The Recovery Plan is indeed in continuous evolution, with new legislative and non-legislative acts being drafted and adopted; therefore, these results represent a snapshot that may eventually change over time. However, identifying the link between the proposed Recovery Plan and SDGs upstream in early phase of the negotiations, can help to highlight areas that may boost SDG implementation along with areas that deserve more attention; further, it may also facilitate SDG mainstreaming in the implementation phase or monitoring changes in SDGs coverage during the implementation process (e.g. through a subsequent analysis of the Member States' National Recovery and Resilience Plans, currently under preparation). Summarizing the results at the goal level, the main goals detected in the Plan are SDG 3 on health and SDG 8 on economic growth and employment, but many others are identified. Overall, the Plan addresses all the 17 Goals, though some goals are only marginally mentioned. At target level, the text analysis detected 94 targets, described in detail in chapter 4. The distribution of SDGs and targets shows a great variety along the three pillars of the Next Generation EU (NGEU). The first pillar ("Support Member States in Recovering") pays particular attention to SDG 8, addressing many of its targets. This pillar has the largest financial allocation (about 90% of all funds of the Plan), and this is reflected by the broader coverage of all SDGs and their targets, compared to the other pillars. The second pillar of NGEU ("Kick-start the economy and help private investment") has also a relatively broad coverage of SDGs, and is mainly focused on SDG 9, regarding sustainable industrialisation and foster innovation. The textual analysis of the third pillar of NGEU ("Learning the lessons from the crisis") evidenced that it focuses on fewer SDGs compared to the previous two, with a strong emphasis on SDG 3. The main target is 3.d, which increases the resilience against pandemics by strengthening the capacity for early warning, risk reduction and management of national and global health risks. The SDGs are a roadmap for sustainable development and should remain a guiding framework for recovery in all countries. The mapping of SDGs in the proposed EU Recovery Plan provides a tool for tracking the implementation of the SDGs in the Plan, providing a text mining perspective on how specific initiatives included in the Plan address goals and related targets. A sustainable recovery should embrace the principles of the Agenda 2030 and its SDGs as much as possible, putting the EU in the right track to long-term sustainable growth. Our assessment of the Recovery Plan indicates that the Commission strives to be a frontrunner in pursuing the goals, and the Plan can further accelerate the transition towards a more sustainable, fair, just, and resilient EU.

Download or read book Prospects and Policies for Global Sustainable Recovery written by Philip Arestis and published by Springer Nature. This book was released on 2023-05-04 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents economic policies to combat the challenges posed by financial crisis, the COVID-19 pandemic, and the climate crisis. How the role of the markets, the state, and social cohesion have come into question is explored, alongside broader issues, such as inequality. Particular attention is given to policies relating to the funding and financing of investment to confront the climate emergency, enhancing productivity and technical innovation, the significance of the commons in the context of the state, and macroeconomic policies to underpin sustainability. This book aims to present a framework for a sustainable future, with policy suggestions that promote both environmental and economic sustainability. It will be relevant to students and researchers interested in the political economy and sustainable development.

Download or read book A New Era for Europe written by and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic devastated the European Union yet also spurred an unprecedented level of cooperation and joint decision making. The EU and its Member States rallied to meet the challenges of the global health threat with a jointly procured vaccine, a jointly funded economic recovery package and a jointly supported public borrowing programme. As a result, 2 years later the economy has begun to recover and the EU is ready to consider its next steps in crisis management and planning. A triple transition of climate, digital and social change will dictate the EU's overall strategy in coming years. Policymakers have an opportunity to set the Union on a path toward growth and prosperity, but if they are not careful they also could set the stage for entrenched inequality and disagreement. Continuing with longstanding policies also poses a danger, given the need for change to meet the challenges ahead. The EU will have a chance to set a course along one of three main scenarios: Business as Usual, Fragmentation and Conflict, or a New Era. Under the first option, the EU does not adapt as needed to protect the environment or give its population the skills they need to survive in a digital world, and the EU falls further behind its international counterparts. In the second scenario, EU policies actively unravel the alliances and economic programmes that have taken so long to build, with corresponding threats to political and economic stability. But the EU also has a better option: pursuing policies that will lead to a New Era within the single market and around the world.

Download or read book A New Era for Europe written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book EU Recovery Plan NextGenerationEU written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: NextGenerationEU is the European Union's €800 billion temporary recovery instrument to support the social and economic recovery from the COVID-19 pandemic and build a greener, more digital and more resilient Europe for future generations. The centrepiece of NextGenerationEU is the Recovery and Resilience Facility - an instrument that provides grants and loans to support reforms and investments in the EU Member States for a total of €723.8 billion in current prices. Part of the funds - up to €338 billion - are being provided to Member States through grants and another part - up to €385.8 billion - through loans. Funds under the Recovery and Resilience Facility are being provided to Member States in line with their national Recovery and Resilience plans - the roadmaps to reforms and investments to make EU economies greener, digital and more resilient. The Recovery and Resilience Facility is the first performance-based instrument of this scale, in the EU, with financial support being provided to Member States subject to the successful delivery of the commitments Member States took in their Recovery and Resilience Plan. REPowerEU is the European Commission's plan to accelerate the EU's green transition and increase the resilience, security and sustainability of the Union energy system through the decrease of dependence on fossil fuels and the diversification of energy supplies. Following the political agreement reached in December 2022 by the European Parliament and the Council, the Recovery and Resilience Facility will provide financial support for REPowerEU. Member States will add to their existing Recovery and Resilience Plans a dedicated chapter with new actions to deliver on the REPowerEU objectives. Additional funding is made available to Member States to finance REPowerEU.

Download or read book Competition Policy and State Aid written by Andrea Renda and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book For a Resilient Sustainable and Inclusive Recovery in Europe written by Rainer Masera and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A corollary of the pandemic crisis and the unprecedented contraction of economic activity in Europe is the inevitable increase in public debt, and the need for active support of the European Central Bank (ECB), centred on the emergency purchase programme of government bonds. There is broad agreement on the general thrust of fiscal and monetary policies, but significant differences exist on the appropriate implementation and efficacy of policy impulses, notably between “Nordic” and “Peripheral” countries. This paper starts by reconsidering the dogma of balanced budgets as a general principle. A different approach is based on the taxonomy of deadweight and (re)productive debt. If government bonds finance capital expenditure (infrastructures broadly defined) with net returns higher than the cost of borrowing, the debt is fundamentally self-financing. More broadly, by reason of the huge warranted public investments (as documented by the European Investment Bank, EIB and the European Commission, EC), it is argued that “good” infrastructure capital accumulation represents a solution not only to the economic consequences of the pandemic crisis, but also to the issue of the savings glut. On the basis of this approach an assessment is offered of the responses to the crisis. Special attention is devoted to the EC proposal of the Recovery Fund. The model proposed here dovetails with the Recovery approach, and suggests a structural scheme to finance European Union (EU) infrastructures (monitored at EU level) through the issue of EU Real Infrastructure Securities (EURIS). The securities would comprise non only debt but also equity and equity-related instruments. The emphasis would be on Public-Private-Partnership initiatives. These real infrastructure securities would form the basis of a new European debt at Union level. The need to ensure rigour in public finances would be satisfied in two concurrent ways: the quality and net returns of the assets financed and a gradual move to a new fiscal pact, whereby national public deficits would be exclusively allowed for the financing of sound public investments, agreed and monitored at European level. Safety clauses would be introduced for exceptional events and to cope with cyclical developments (with full reversal in upturns).

Download or read book Reaching for a Green Recovery written by Isabelle Brachet and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book European Green Deal written by Milan Elkerbout and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Shifting Priorities Towards Post COVID Sustainable Reconstruction and Recovery written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study provides an overview of the extent to which a selection of national post-COVID-19 Recovery and Resilience Plans have adopted the principles of wellbeing, economy and sustainable development. A key focus of the report is assessing the extent to which representatives of civil society have contributed to the plans and their envisaged future role in the implementation of the planned reforms and investments. Sustainability has been framed according to two dimensions: environmental and social. At the outset, the study defines key principles of both of these dimensions together with relevant references to principal EU policy documents. National plans from five EU Member States - Bulgaria, Finland, Germany, Poland and Spain - have been screened, with emphasis on two aspects: first, how the plans address both dimensions of sustainability and second, the involvement of civil society in plan development. The screening was complemented by interviews with relevant stakeholders, plus additional desk research to formulate conclusions and recommendations on how governments can make the process of post-pandemic recovery more sustainable and more inclusive for civil society.

Download or read book The Role of Research and Innovation in Support of Europe s Recovery from the COVID 19 Crisis written by and published by . This book was released on 2020 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Policy Brief presents the narrative on the role of research and innovation (R&I) in response to the Covid-19 crisis and six priority areas where efforts should focus underpinned by examples. It highlights that R&I are critical to ensure a sustainable and inclusive recovery, while boosting the resilience of our production sectors, the competitiveness of our economies and the transformation of our socio-economic systems.

Download or read book Towards Recovery and Resilience written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The drafting of this Programming document takes place in an unprecedented context. The European Union, along with the rest of the world, has been severely affected by the COVID-19 pandemic, with millions of cases reported in the European Economic Area (EEA) and the United Kingdom (UK), and more than 200,000 deaths. EU Member States have reacted by introducing various restrictions while simultaneously introducing support measures for business and citizens. Social partners have made a solid contribution to the efforts by among other activities negotiating support measures and ensuring that workplaces remain safe. With an already slowing economy, the pandemic has pushed the European economy into a sudden recession with the deepest output contraction since World War II. According to the European Commission summer forecast, GDP in the EU is foreseen to contract by 8.3% in 2020 and expected to expand by around 5.8% in 2021. The shock has been asymmetric, hitting countries and industries with different strength, depth and persistence; this could lead to an unequal recovery with bigger and more persistent differences across the EU Member States, sectors and specific groups. The crisis has had a substantial impact on the European labour market, sparking a rise in unemployment, an important increase in the take-up of short-time work and an unprecedented use of teleworking. After eight years of continuous decline in unemployment (from 11.4% in 2013 to 6.5% in February 2020), it has now begun to rise, hours worked have decreased by up to 25% from the first and second quarters 2020, and the prevalence of short-time working schemes across the EU have prevented more large-scale job losses. In June 2020, more than 42 million workers had applied for short-time working schemes - 27% of all employees in the EU. Millions of workers have been teleworking since the lockdown in March 2020 and many will continue to do so.2 The economic outlook is uncertain, depending on recurrent spikes of the outbreak, how confinement and support measures are applied, and the asymmetric impact on industries and countries. There can be little doubt that the COVID-19 crisis and its aftermath will bring structural changes to the labour market and its functioning, as well as how we live and work. The impact of the COVID-19 crisis could compound the marked increase in perceptions of insecurity and concerns about prospects for the future, not only among the most marginalised but also among larger parts of society, leading to expressions of division, disenchantment and distrust with the establishment, not least in relation to EU integration. In parallel, the mega-drivers of structural change in Europe remain related to demography, technology, globalisation and climate change. Technological change continues apace and is to a certain extent compounded by the COVID-19 crisis. Automation, not least as enabled by artificial intelligence (AI), will both destroy and create jobs and change the nature of work. Eurofound showed that while the transition to a carbon-neutral economy can be expected to create more jobs than it destroys, it also alters the structure of employment.3 This transition poses broader challenges to life and work in light of the ambitious targets set by the EU and should be added to the challenges arising from the COVID-19 crisis. Another structural change for the EU will be the reduction of its size from 28 to 27 Member States. The year 2020 will mark the end of the Brexit transition period and the beginning of a new relationship between the EU and the UK. Demographic change will intensify many current challenges. An ageing population such as in Europe accentuates labour shortages and skills mismatches and poses challenges to (long-term) health care and sustainability and adequacy of pensions. The population of Africa is projected to double by 2050 (UN World Population Prospects 2017), while also other regions are likely to remain a source of migrants. This combination of demographic shortages in the EU and a demographic boom in areas neighbouring the continent is likely to continue to place severe pressure on migration flows and the integrative capacity of societies and workplaces in Europe and may in turn create challenges for the cohesion of the EU. Structural change brings many challenges for employment and living and working conditions, but it can also be an opportunity to advance towards a more inclusive, innovative and sustainable Europe.

Download or read book Building a Sustainable Job Rich Recovery written by International Labor Office and published by International Labour Organisation. This book was released on 2011 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Commission and the International Labour Organization have combined efforts in reaction to the deep crisis that hit the global economy in 2008. The aim of this joint project is to examine policies that will lead not only to a quicker recovery but also to a more sustainable, environmentally friendly and equitable global economy. This is particularly relevant given the uneven and fragile nature of the recovery process across and within countries. These efforts have culminated in the publication of two Synthesis Reports. The first report examines the origins of the crisis and provides an overview of immediate policy responses across both developed and developing economies; the second discusses green policies and labour market issues related to this necessary long-term economic transformation. Both reports are based on a series of technical discussion papers. This first report examines the origins of the deep financial and economic crisis that hit the world economy in 2008 and that continues to shape labour market performance across the globe. The report discusses general lessons to be learned form financial crises as well as the role of global imbalances that have taken a prominent place in the current crisis. The report then presents global stimulus measures and assesses their effectiveness, comparing them with earlier examples in Argentina and the Republic of Korea. Finally, the report provides an overview of policy measures to maintain the recovery momentum in times of increasingly reduced policy space, focusing on the importance of quality job creation and demand-led initiatives to build a sustainable job-rich recovery.

Download or read book The Future of EU Competitiveness written by Great Britain and published by . This book was released on 2009 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book From Crisis to Recovery written by South East European Studies at Oxford (SEESOX). and published by . This book was released on 2011 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Household Final Consumption in the EU written by Sylvain Bouyon and published by . This book was released on 2015 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 4-5 years of poor performance, final consumption of households in the 28 EU member states is expected to recover significantly in 2015 and 2016. This is all the more important since final consumption of households has been the main driver of economic growth during the 12 years preceding the financial crisis. However, some obstacles are still in the way preventing a sustainable recovery in private consumption.

Download or read book The Great COVID 19 Divergence written by Gregory Claeys and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to the biggest global recession since the Second World War. Forecasts show the European Union underperforming economically relative to the United States and China during 2019-2023. Southern European countries have been particularly strongly affected. While the ICT sector has benefitted from the COVID-19 crisis, tourism, travel and services have suffered. Business insolvencies have, paradoxically, fallen. While total employment has almost recovered, the young and those with low-level qualifications have suffered employment losses. Inequality could rise. The pandemic may lead to medium to long-term changes in the economy, with more teleworking, possibly higher productivity growth and changed consumer behaviour. Policymakers must act to prevent lasting divergence within the EU and to prevent scarring from the fallout from the pandemic. The first priority is tackling the global health emergency. Second, we warn against premature fiscal tightening and recommend instead additional short-term support from national budgets. Over the medium term, fiscal policymakers will need to gradually move away from supporting companies through subsidies, towards tax incentives for corporate investment. A review of the European fiscal framework is needed to achieve the EU's green goals more rapidly. The quality of public finances, how policymakers spend resources and the associated reforms are of central importance to prevent scarring. Improving the efficiency of insolvency procedures will be crucial for speedy and effective recovery. Targeted labour market policies for the young and less-qualified are needed. As teleworking becomes a more permanent feature of the EU's labour markets, it will be crucial to adapt social security and taxation systems in the context of the single market for labour. The EU should resist protectionist calls in the wake of the pandemic. Rigorous competition policy enforcement and an integrated EU market have been beneficial for European convergence and growth. Capital markets have an important role to play in a speedy recovery.