Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

A Green Recovery Stimulus for a post-COVID-19 Europe

Posted by fidest press agency su mercoledì, 20 maggio 2020

While assessing the full impact of the COVID-19 pandemic would be premature, it is already clear that this is the worst economic shock European economies have faced since World War II. The road to recovery will likely be long and bumpy. The European Commission’s Spring 2020 Economic Forecast projects the EU economy to contract by 7.4% in 2020, while the EU-wide
unemployment rate is expected to increase from 6.7% in 2019 to 9% in 2020, particularly affecting southern EU
Member States.The roadmap to recovery adopted by the European Council on 21 April calls for an “unprecedented investment effort” for a “more resilient, sustainable and fair Europe”2. In order to deliver on this mandate, the EU’s Recovery Fund, which the European Commission is about to unveil, should thus be both massive in size and scope as well as boldly transformative in its content. This is also in line with the resolution adopted by the European Parliament. Before the crisis, and following the European Parliament elections last year, the European Union embarked on a new five-year strategic roadmap in which the decarbonisation and digitalisation of our economies have been prioritised. Pre-crisis tense debates about the economic and social costs of ecological benefits will no doubt be re-ignited as the recovery package will be debated among European institutions and the public at large. After the adoption of adequate, immediate rescue measures, we now turn to the recovery phase. Echoing calls for a green recovery5, this paper6 argues that a European Parliament. 2020. “EU: Parliament adopts resolution on coordinated action to combat Coronavirus”, OneTrust, April.
The Jacques Delors Centre in Berlin and the Jacques Delors Institute in Paris have been publishing on immediate rescue
measures in response to the COVID-19 crisis, cf. Eisl A. 2020. Including the Launch of the European alliance for a Green
Recovery led by MEP Pascal Canfin, and the University of Oxford’s analysis of how green fiscal recovery packages can act
to decouple economic growth from GHG emissions, co-authored i.a. by Nicholas Stern and Joseph Stiglitz; recent blog post by
Geneviève Pons.The production of this paper was led by Europe Jacques Delors(Brussels), with the contribution of the Jacques Delors Institute (Paris) on sections 2.1, 2.2. and 2.3 dealing with the energy, mobility and innovation dimensions of this paper.
very large green investment plan delivers the necessary economic stimulus and builds resilience to future shocks.
Delivering on such an ambitious and transformative mandate can only happen under some specific conditions which need to be explicitly acknowledged.

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