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European Regional Development Fund and Cohesion Fund 2021-2027

21-06-2021

In the context of the Multiannual Financial Framework for 2021-2027, the European Commission published a proposal for a regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) on 29 May 2018. The new single regulation on the ERDF and CF (previously covered by two separate regulations) identifies the specific objectives and scope of support for both funds, including non-eligible activities. The majority of ERDF funding (55 % to 85 %) will focus on smart growth and the ...

In the context of the Multiannual Financial Framework for 2021-2027, the European Commission published a proposal for a regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) on 29 May 2018. The new single regulation on the ERDF and CF (previously covered by two separate regulations) identifies the specific objectives and scope of support for both funds, including non-eligible activities. The majority of ERDF funding (55 % to 85 %) will focus on smart growth and the green economy, while the fund will also support other activities such as connectivity, social issues and local development. The CF will continue to focus predominantly on environmental and transport infrastructure. Special provisions have been proposed for territories such as urban areas and outermost regions. The indicator framework for monitoring progress will include new common results indicators. In the European Parliament, the file was allocated to the Committee on Regional Development, and on 27 March 2019 the Parliament adopted a legislative resolution in plenary constituting its first-reading position. On 28 May 2020, the Commission published an amended proposal to enable recovery from the coronavirus pandemic. A final political trilogue meeting took place on 9 February 2021, sealing agreement between the Council and the European Parliament. The Parliament is expected to vote on the draft regulation at its June II plenary. Fourth edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

A new EU-Africa Strategy – A partnership for sustainable and inclusive development

22-03-2021

The European Union (EU) and the African Union (AU) have converging interests in a number of areas, such as the fight against climate change and the promotion of sustainable, job-creating economic growth in Africa. However, they still have to find common ground on migration, security management, and fundamental values. In March 2020, the European Commission and the High Representative of the EU for Foreign and Security Policy and Vice-President of the European Commission (HR/VP) proposed to build ...

The European Union (EU) and the African Union (AU) have converging interests in a number of areas, such as the fight against climate change and the promotion of sustainable, job-creating economic growth in Africa. However, they still have to find common ground on migration, security management, and fundamental values. In March 2020, the European Commission and the High Representative of the EU for Foreign and Security Policy and Vice-President of the European Commission (HR/VP) proposed to build a new and comprehensive partnership with Africa, emphasising the EU's will to strengthen the links between the two continents. In line with this proposed partnership, the European Parliament is expected to discuss on an own-initiative report during its March II plenary session.

Global mega-trends: Scanning the post-coronavirus horizon

13-11-2020

The European Strategy and Policy Analysis System (ESPAS) – the strategic foresight network of the European Union institutions – offers a valuable ‘free space’ in which to conduct a genuine continental, and potentially global, conversation about where the world is heading over the medium to long run. It was initiated by the European Parliament almost a decade ago in order to help promote a serious discussion of this kind. The third ESPAS Global Trends Report, Global Trends to 2030: Challenges and ...

The European Strategy and Policy Analysis System (ESPAS) – the strategic foresight network of the European Union institutions – offers a valuable ‘free space’ in which to conduct a genuine continental, and potentially global, conversation about where the world is heading over the medium to long run. It was initiated by the European Parliament almost a decade ago in order to help promote a serious discussion of this kind. The third ESPAS Global Trends Report, Global Trends to 2030: Challenges and Choices for Europe, as published in April 2019. Transposing into the European context the kind of strategic foresight analysis undertaken in the United States by the National Intelligence Council (NIC) on global trends since the end of the 1990s, it aims to sketch the global and longer-term backdrop against which Europeans will seek to shape their future. The coronavirus pandemic broke out less than a year later.

Important projects of common European interest: Boosting EU strategic value chains

12-11-2020

Article 107(3)(b) of the Treaty on the Functioning of the European Union provides for the possibility of approving state aid for 'important projects of common European interest' (IPCEIs). These provisions have been used very rarely until recently. A specific framework enabling the creation of IPCEIs, originally only in the areas of research, development and innovation, and environmental protection has been in place for 15 years, yet only four such projects have been notified to and assessed by the ...

Article 107(3)(b) of the Treaty on the Functioning of the European Union provides for the possibility of approving state aid for 'important projects of common European interest' (IPCEIs). These provisions have been used very rarely until recently. A specific framework enabling the creation of IPCEIs, originally only in the areas of research, development and innovation, and environmental protection has been in place for 15 years, yet only four such projects have been notified to and assessed by the Commission so far. The first two – in the area of infrastructure – were partially annulled by the Court of Justice, and the Commission opened in-depth investigations to examine their compatibility with State aid. One of those concluded that the aid was legal, the other is ongoing. The next two were launched successfully in the areas of strategic value chains for microelectronics and batteries. After this rather modest start, there seems to be strong momentum to create more IPCEIs, including in the context of the debate on how to foster the emergence of 'European champions'. The marked political shift towards greater technological sovereignty and strategic autonomy within the EU has been given further impetus with the outbreak of the coronavirus pandemic, which disrupted global value chains and highlighted the case for a more self-sufficient EU model. IPCEIs may be useful tools for creating complex new value chains that have the potential to ensure the EU's long-term competitiveness and economic growth. A growing number of governments, experts and organisations have been calling for the simplification of current rules to make IPCEIs more frequently and widely used. The European Parliament would also like to see the requirements for the IPCEIs streamlined to allow smaller industrial research projects also to acquire IPCEI status. In its 2021 work programme, the European Commission announced the revision of the current IPCEI framework planned for the fourth quarter of the year.

EU-India: Cooperation on digitalisation

12-10-2020

A 'human-centric digitalisation to develop inclusive economies and societies' is the main concept behind the digital transformation of both the EU and India. During their July 2020 summit, the two agreed to promote global digitalisation standards characterised by 'safe and ethical deployment'. Their flagship initiatives – the EU digital single market and 'Digital India' – make them natural partners in the promotion of these global standards. Yet, if their ICT cooperation is to make sound progress ...

A 'human-centric digitalisation to develop inclusive economies and societies' is the main concept behind the digital transformation of both the EU and India. During their July 2020 summit, the two agreed to promote global digitalisation standards characterised by 'safe and ethical deployment'. Their flagship initiatives – the EU digital single market and 'Digital India' – make them natural partners in the promotion of these global standards. Yet, if their ICT cooperation is to make sound progress, some of Delhi's protectionist policies need further consideration.

EU competitiveness and global growth

10-09-2020

With rising tensions surrounding the multilateral and liberal trading order in recent years, and declining public support for globalisation, the coronavirus pandemic has hit the world economy hard. In the short term, the efforts of the European Union (EU) and its Member States, as well as many other jurisdictions, are focused on supporting a sustained and inclusive economic recovery and on protecting businesses, jobs and livelihoods. At the same time, policy-makers in Europe should seek to address ...

With rising tensions surrounding the multilateral and liberal trading order in recent years, and declining public support for globalisation, the coronavirus pandemic has hit the world economy hard. In the short term, the efforts of the European Union (EU) and its Member States, as well as many other jurisdictions, are focused on supporting a sustained and inclusive economic recovery and on protecting businesses, jobs and livelihoods. At the same time, policy-makers in Europe should seek to address medium- to long-term challenges to minimise long-term scarring and restore eroding competitiveness. Decisive action is needed to secure EU global leadership of environmental and digital transformation. This will include investing in research and innovation, implementing structural reforms, and completing the (digital) single market, while screening foreign investments more efficiently and leading more efficient global coordination. The EU must equip itself with the right toolbox to ensure efficiency and the ability to shape global long-term trends, and prevent or at least mitigate structural risks and threats.

Decoupling economic growth from environmental harm

16-07-2020

Decoupling economic growth from the depletion of planetary resources is a major challenge. An effective strategy will span several domains. Trends to watch include the development of negative emissions technologies, advances in the storage of renewable energy, the circular economy, and reforestation - among many others.

Decoupling economic growth from the depletion of planetary resources is a major challenge. An effective strategy will span several domains. Trends to watch include the development of negative emissions technologies, advances in the storage of renewable energy, the circular economy, and reforestation - among many others.

EU industrial policy at the crossroads: Current state of affairs, challenges and way forward

02-12-2019

Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry ...

Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry while maintaining its global competitiveness. It also prompts a reconsideration of the EU's strategic positioning from a defensive to an offensive policy stance. These developments have triggered a lively debate on the need for a renewed, more assertive, comprehensive and coordinated industrial policy at EU level. This paper reviews the current state of affairs and key challenges facing the EU and provides an analysis of the main policy options going forward.

Below-target inflation and subdued growth in the euro area and elsewhere: implications for monetary policy

16-09-2019

Committee on Economic and Monetary Affairs (ECON) requested monetary experts to analyse implications of below-target inflation and subdued growth in the the euro area for monetary policy. This note, drawn up by Policy department A, gives an overview of in-depth analyses prepared by the experts for the Monetary Dialogue session which took place on 23 September 2019.

Committee on Economic and Monetary Affairs (ECON) requested monetary experts to analyse implications of below-target inflation and subdued growth in the the euro area for monetary policy. This note, drawn up by Policy department A, gives an overview of in-depth analyses prepared by the experts for the Monetary Dialogue session which took place on 23 September 2019.

Yes, We Are Probably All Japanese Now

16-09-2019

This paper argues that the euro area has in recent years shared the same unfortunate concurrent systemic economic/financial crisis and demographic turnaround to an outright declining working age population that Japan suffered in the early 1990s. This combination will continue to depress euro area inflation dynamics for the foreseeable future, making it imperative that new fiscal policy initiatives, including public climate related investments, complement the ECB’s ongoing monetary policy stimulus ...

This paper argues that the euro area has in recent years shared the same unfortunate concurrent systemic economic/financial crisis and demographic turnaround to an outright declining working age population that Japan suffered in the early 1990s. This combination will continue to depress euro area inflation dynamics for the foreseeable future, making it imperative that new fiscal policy initiatives, including public climate related investments, complement the ECB’s ongoing monetary policy stimulus.

Autor externo

Jacob Funk Kirkegaard

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