Economic Cooperation, Development: 1st Supplement to the 65th Meeting
On November 4, 2024, the Economic Cooperation and Development Committee (ECON) published its 1st Supplement to the 65th Meeting. This supplement provides additional information and updates on the committee’s activities, including:
1. Adoption of the agenda
The committee adopted its agenda for the meeting, which included the following items:
- Adoption of the draft minutes of the 64th meeting
- Exchange of views with the European Commission on the implementation of the European Green Deal
- Discussion on the proposal for a regulation on the European Social Fund+ (ESF+)
- Adoption of the committee’s opinion on the proposal for a regulation on the European Regional Development Fund (ERDF)
2. Exchange of views with the European Commission on the implementation of the European Green Deal
The committee held an exchange of views with the European Commission on the implementation of the European Green Deal. The Commission presented its progress report on the Green Deal, highlighting the following key achievements:
- The adoption of the European Climate Law, which sets a legally binding target of net-zero greenhouse gas emissions by 2050.
- The launch of the European Green Deal Investment Plan, which aims to mobilize €1 trillion in investments in green technologies and infrastructure.
- The development of a number of legislative initiatives to support the transition to a green economy, such as the proposals for a Carbon Border Adjustment Mechanism (CBAM) and a revised Emissions Trading System (ETS).
The committee welcomed the progress made on the Green Deal, but also raised a number of concerns, including:
- The need for a more ambitious approach to climate action, in line with the latest scientific evidence.
- The importance of ensuring a just and equitable transition to a green economy, leaving no one behind.
- The need for better coordination between the EU and its member states on the implementation of the Green Deal.
3. Discussion on the proposal for a regulation on the European Social Fund+ (ESF+)
The committee held a discussion on the proposal for a regulation on the European Social Fund+ (ESF+). The ESF+ is the main EU fund for investing in social and human capital, and the proposed regulation will update and modernize the fund for the next programming period (2021-2027).
The committee welcomed the proposal, but also raised a number of concerns, including:
- The need for a more ambitious budget for the ESF+, in line with the challenges facing the EU in terms of social and economic inequality.
- The importance of ensuring that the ESF+ is used to support a wide range of social and human capital investments, including in education, training, and healthcare.
- The need for better coordination between the ESF+ and other EU funds, such as the European Regional Development Fund (ERDF) and the European Agricultural Fund for Rural Development (EAFRD).
4. Adoption of the committee’s opinion on the proposal for a regulation on the European Regional Development Fund (ERDF)
The committee adopted its opinion on the proposal for a regulation on the European Regional Development Fund (ERDF). The ERDF is the main EU fund for investing in regional development, and the proposed regulation will update and modernize the fund for the next programming period (2021-2027).
The committee welcomed the proposal, but also raised a number of concerns, including:
- The need for a more ambitious budget for the ERDF, in line with the challenges facing the EU in terms of regional disparities.
- The importance of ensuring that the ERDF is used to support a wide range of regional development investments, including in infrastructure, innovation, and skills.
- The need for better coordination between the ERDF and other EU funds, such as the European Social Fund+ (ESF+) and the European Agricultural Fund for Rural Development (EAFRD).
5. Other business
The committee also discussed a number of other issues, including:
- The preparations for the upcoming European Parliament elections
- The committee’s work program for the next year
- The financial implications of the UK’s withdrawal from the EU
Wirtschaftliche Zusammenarbeit, Entwicklung: 1. Ergänzung zur 65. Sitzung
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