EU 2020 strategy – A strategy for smart, sustainable and inclusive growth – versus the Green New Deal

EUROPE 2020 (http://ec.europa.eu/eu2020) puts forward three mutually reinforcing priorities:

Smart growth: developing an economy based on knowledge and innovation.

Sustainable growth: promoting a more resource efficient, greener and more competitive economy.

Inclusive growth: fostering a high-employment economy delivering social and territorial cohesion.

THE FIVE EU HEADLINE TARGETS BY 2020

Employment: population aged 20-64 employment rate of 75% versus 69% today

Innovation: 3% of the EU’s GDP should be invested in R&D versus 1.9% today

Energy: “20/20/20” climate/energy targets should be met – it means a reduction of 20% of GHG emissions compared to 1990 levels (including an increase to 30% of emissions reduction if the conditions are right), a 20% increase in energy efficiency and a 20% renewable energy share in the Union’s final energy consumption

Education: The share of early school leavers should be under 10% and at least 40% of the younger generation should have a tertiary degree

Poverty: 20 million less people should be at risk of poverty

The GREEN NEW DEAL and the Greens-EFA view of the 2020 strategy

http://www.neweconomics.org/publications/green-new-deal

Free download of the 2008 publication of the Green New Deal Group – published by nef (the new economics foundation).

Following to the financial and economic crisis of 2008, European governments have launched national recovery packages with more or less green elements pushing green markets.

The green share of recovery programmes is part of a new strategy focussing on climate and energy issues and promoting eco-industries.

This strategy is called the Green New Deal. It comprises targeted state investments in activities that reduce the impact on the environment protecting water, air and soil.

Eco-industries can generate considerable turnover and employment, potentials for further growth. But green economic growth has to be supported while reducing the level of natural resource consumption.

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