An overview on the need of a joint decarbonization and competitiveness plan for the future of the European Union
An overview on the need of a joint decarbonization and competitiveness plan for the future of the European Union

Summary/Abstract: This document presets and outlines the proposal for a joint decarbonization and competitiveness plan for the European Union (The future of European competitiveness). It acknowledges Europe's strengths (strong legal framework, low inequality, high human development) while addressing its challenges (slowing growth, increased competition from China and the US, geopolitical instability, high energy prices). The plan proposes a multi-faceted approach focusing on enhancing competitiveness through innovation, addressing high energy costs via decarbonization and market reforms, and adapting to a less stable geopolitical landscape. Key strategies involve boosting productivity, accelerating renewable energy deployment, securing critical supply chains, and implementing a technology-neutral approach to decarbonization across various sectors (energy, automotive, transport). The plan emphasizes the need for a unified EU strategy, including strengthened institutional frameworks, harmonized policies, and strategic partnerships with third countries to achieve these goals.

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