CEO Alliance members have endorsed the policy paper “Achieving a competitive and green Europe”, which offers six key recommendations to lay the foundation for a competitive Europe.
Europe is at a critical point. Over the last 15-20 years, the continent has lost momentum in economic growth and fallen behind peer regions. Much of this is due to insufficient focus on incentivizing companies to create and scale new technologies and innovative businesses. If Europe continues down this path, it will be serious threat to the welfare system and Europe’s prosperity. We believe urgent action is needed to reverse course.
Recent reports from Mr Draghi and Mr Letta, and Mrs Von der Leyen’s political guidelines, show that the problem statement is clear. Europe needs to stop overregulating and streamline rules, putting all its focus on becoming a competitive region again, not least for the sake of achieving the green transition. The reports also show some of the solutions. It is of utmost importance that we now move from talking about the problems to really addressing them.
The CEO Alliance offers six key recommendations to lay the foundations for a competitive Europe:
- Accelerating the twin transition will lead to economic growth and wealth creation
- Incentivize private investment by enabling sustainable business models
- Accelerate decarbonization and lower the cost of energy
- Reduce the regulatory burden by focusing on simplification, predictability, and effective implementation
- Deepen the Single Market to tackle fragmentation and promote growth
- Reform competition policy to enable scale and drive innovation
The recommendations address reforms in the regulatory landscape to make things simpler and swifter, and infrastructure needs that will lay the foundation for a competitive Europe. And, as stated in the Draghi report, “the global decarbonisation drive is also a growth opportunity for EU industry“.
Download the paper below to read all the details of the policy paper.
