Strategy change – The EU now wants to declare war on the bureaucracy

Date:

In a draft for the next economic policy, the European Commission promises to take strong action against the bureaucracy. The authority will make an unprecedented effort to achieve greater simplification, according to a draft strategy document.

The anti-bureaucracy plan will be officially presented next week. The paper is available from the German news agency in Brussels. The first push should come next month and include simplifications in the areas of sustainable finance reporting and due diligence.

For example, it could be about the European supply chain law, which is intended to hold large companies liable for human rights violations in their supply chains. The online portal ‘Euractiv’ and the ‘Handelsblatt’, among others, previously reported on the design of the so-called competition compass.

The EU must remain climate neutral
In the twenty-page document, the Commission outlines its priorities for the next two years. In addition to reducing bureaucracy, it involves promoting investments in future technologies such as artificial intelligence (AI), providing more support for climate-friendly technologies and lowering energy prices. The Commission also emphasizes in the draft that it wants to maintain that the EU must be climate neutral by 2050.

A new check on competitiveness should also take a closer look at new initiatives. This includes, for example, assessing the expected impact of EU projects on cost differences compared to other international competitors.

The EU currently faces competition mainly from China and the US. Companies there currently have advantages given the higher energy prices in Europe.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Man seriously injured – Police are looking for mysterious attackers in Ischgl

A 28-year-old was seriously injured on Sunday evening in...

Parliamentary election – Kurti remains in power in Kosovo

Kosovo's left -wing nationalist Prime Minister Albin Kurti remains...