What is the future of the European Green Deal? The appointment is for tomorrow, when the European Commission will officially present its compass for competitiveness, to rekindle industry, finance and single market. Green Deal, a lighthouse of Brussels politics for years and still strongly in the European DNA, divides. There are always two fronts: France and Germany supporters on the one hand (with some crews lately) and companies and three quarters of the countries, which for years have been asking for a slower trend of green policies.
Thus, with a split Europe, need for competitiveness (also in terms of response to American duties) and Green Deal to “save”, the commission will present the first part of the agenda for competitiveness (competitiveness compass). A road map that aims to make European regulation easier and faster, in the wake of the suggestions of the dragon relationship on the future of European competitiveness. A deregulation for business measurement, to make Europe resume impetus. The document, which will constitute the first part of the agenda for competitiveness, will focus on the three fields indicated by Dragons: innovation, decarbonisation and safety.
The first point is to fill the gap of innovation. Then measures to stimulate venture capital and bring investments to research and development to 3% of European GDP. Simplifications for SMEs and a common system to facilitate startups. The Commission intends to reduce bureaucratic charges by 35% and 25% for large companies. For facilitated life startups with the introduction of a single European system that will harmonize the regulations for the sector, eliminating the need to adapt to 27 different legal regimes. For Small Mid-Caps, companies halfway between SMEs and large groups, a new definition will lead to a regulatory simplification. And then present investments in top technologies: investments in AI, advanced materials, biotechnology and space.
Second field of intervention is decarbonisation, With actions to simplify environmental regulations and reduce bureaucratic charges to allow companies to adapt more easily to the energy transition. Then integrated industrial policies, access to clean energy (reduce volatility and energy prices with investments in infrastructure) and circular economy (encourage recycling and sustainable use of resources). And finally, third point, the safety and reduction of addictions, with actions to guarantee stable supplies of critical raw materials, through a common platform of purchases and new commercial partnerships. In the Brussels energy sector he will support high -intensity energy industries (such as automotive, steel and chemistry) with personalized plans and incentives for the modernization of networks and the adoption of clean technologies. And then we work on revisions of the competition rules, with a softer attitude on mergers and state aid in the strategic sectors.
“In this context, the so -called patient capitals play it, namely the long -term investments of institutional and private investors assisted by a financial consultancy service. Private Banking is a growing industry, which manages 1242 billion (almost half of the wealth invested by Italian families) which, at the moment, allocates only a reduced percentage of resources to the Italian real economy and SMEs “, comments Antonella Massari , Secretary General of AIPB, Italian Private Banking Association. What is needed? “A progressive deduction that rewards long -term investment horizons and the removal of some regulatory lace to the investments of private investors assisted by financial advice through some marginal additions of the TUF currently being reviewed by the Government”, continues Massari.
DOpo Tomorrow’s appointment The next step will be February 26th With the presentation of the Clean Industrial Deal and the Omnibus legislative package, with further regulatory simplification interventions. So the future of the Green Deal begins tomorrow. With foreign trade that represents 45% of European GDP, Europe is at a crossroads: being able to balance the need to relaunch its competitiveness without betraying the objectives of the Green Deal, still in the Brussels DNA. A political and economic challenge.
