Boosting EU Competitiveness
The Competitiveness Compass targets innovation gaps, decarbonization challenges, and strategic dependencies to foster economic resilience.
Key Priorities
- Close innovation gaps via tech leadership
- Align decarbonization with industrial growth
- Simplify sustainability regulations (CSRD, CS3D)
- Reduce reporting burdens by 25% for companies
- Enhance resource security through partnerships
- Further support for CCS (Carbon Capture & Storage) solutions
Expected Outcomes
Aims to save €37.5 billion annually in administrative costs while advancing climate neutrality by 2050.