{"id":66990,"date":"2024-09-20T10:31:49","date_gmt":"2024-09-20T08:31:49","guid":{"rendered":"https:\/\/staging.i4ce.org\/?p=66990"},"modified":"2024-09-20T10:31:49","modified_gmt":"2024-09-20T08:31:49","slug":"mario-draghi-sounds-alarm-can-eu-operate-time-climate","status":"publish","type":"post","link":"https:\/\/staging.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/","title":{"rendered":"Mario Draghi Sounds the Alarm \u2013 Can the EU Operate in Time?"},"content":{"rendered":"<p><strong>As we return from the summer break, we begin this new European Union mandate with a sharp sense of urgency. <a href=\"https:\/\/commission.europa.eu\/topics\/strengthening-european-competitiveness\/eu-competitiveness-looking-ahead_en\" target=\"_blank\" rel=\"noopener\" data-auth=\"NotApplicable\">Mario Draghi\u2019s report on European competitiveness<\/a> has sounded the alarm \u2013 the EU\u2019s economic health is deteriorating, and immediate intervention is needed to prevent a \u2018slow agony.\u2019\u00a0 <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Indeed, the EU suffers from a range of critical conditions \u2013 challenges which the newly-announced College of Commissioners-elect, will need to speak to in the Hearings to come.\u00a0A fragmented Single Market is restricting growth, international competition weakens key industries, and decarbonisation efforts are lagging, as highlighted by the\u00a0<a title=\"https:\/\/staging.i4ce.org\/en\/publication\/state-eu-progress-climate-neutrality\/\" href=\"https:\/\/staging.i4ce.org\/en\/publication\/state-eu-progress-climate-neutrality\/\" target=\"_blank\" rel=\"noopener\">European Climate Neutrality Observatory<\/a>. These issues demand a swift response.\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>In our latest study, we zoom in on the EU&#8217;s green industrial policy and cleantech sector and\u00a0explore how the EU already possesses many of the instruments necessary to operate \u2013 but hesitation or delays could result in lasting damage. A green industrial policy has the potential to address both climate and competitiveness concerns. However, past initiatives, such as the Net Zero Industry Act and the Strategic Technologies for Europe Platform, raise doubts about whether the EU is fully equipped for a procedure of this scale.\u00a0The next step? A Clean Industrial Deal. While the details are still being formed, there\u2019s concern that it may offer piecemeal solutions instead of a comprehensive treatment. To succeed, this\u00a0Deal must be a decisive operation, not a collection of uncoordinated sticking plasters.\u00a0<\/p>\n<p>&nbsp;<\/p>\n<p>For the Clean Industrial Deal to succeed, the EU must focus on effective governance and streamlined regulations. Rather than creating new bodies, existing frameworks like the Clean Industrial Dialogues should be expanded, with transparency in implementing recommendations. Proven tools, such as the European Industrial Alliances, can identify bottlenecks and guide funding. At the same time, advancing the Capital Markets Union and harmonising Single Market standards will help cleantech companies scale and compete, ensuring Europe\u2019s industrial competitiveness.\u00a0The real key to success lies in addressing the\u00a0<a title=\"https:\/\/staging.i4ce.org\/en\/publication\/european-climate-investment-deficit-report-investment-pathway-europe-future\/\" href=\"https:\/\/staging.i4ce.org\/en\/publication\/european-climate-investment-deficit-report-investment-pathway-europe-future\/\" target=\"_blank\" rel=\"noopener\">Climate Investment Deficit<\/a>.\u00a0The EU\u2019s response requires immediate capital injections. A Cleantech Investment Plan, drawing from the Innovation Fund, the European Investment Bank, and unspent Recovery Funds, could ensure that treatment begins today rather than waiting for the next EU budget cycle.\u00a0<\/p>\n<p>&nbsp;<\/p>\n<p>Draghi\u2019s warning is clear: business as usual won\u2019t suffice. The EU already has the tools to perform the necessary operation \u2013 but they must be used with precision and urgency.\u00a0<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/mailchi.mp\/i4ce\/i4ce-newsletter-semaine-04-4910830\" class=\"external_link \" target=\"_blank\">Read the newsletter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we return from the summer break, we begin this new European Union mandate with a sharp sense of urgency. Mario Draghi\u2019s report on European competitiveness has sounded the alarm \u2013 the EU\u2019s economic health is deteriorating, and immediate intervention is needed to prevent a \u2018slow agony.\u2019\u00a0Indeed, the EU suffers from a range of critical conditions \u2013 challenges which the newly-announced College of Commissioners-elect, will need to speak to in the Hearings to come.\u00a0A fragmented Single Market is restricting growth, international competition weakens key industries, and decarbonisation efforts are lagging, as highlighted by the\u00a0European Climate Neutrality Observatory. These issues demand a swift response.\u00a0<\/p>\n","protected":false},"author":9,"featured_media":63732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-66990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreword-of-the-week"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mario Draghi Sounds the Alarm \u2013 Can the EU Operate in Time? - I4CE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mario Draghi Sounds the Alarm \u2013 Can the EU Operate in Time? - I4CE\" \/>\n<meta property=\"og:description\" content=\"As we return from the summer break, we begin this new European Union mandate with a sharp sense of urgency. Mario Draghi\u2019s report on European competitiveness has sounded the alarm \u2013 the EU\u2019s economic health is deteriorating, and immediate intervention is needed to prevent a \u2018slow agony.\u2019\u00a0Indeed, the EU suffers from a range of critical conditions \u2013 challenges which the newly-announced College of Commissioners-elect, will need to speak to in the Hearings to come.\u00a0A fragmented Single Market is restricting growth, international competition weakens key industries, and decarbonisation efforts are lagging, as highlighted by the\u00a0European Climate Neutrality Observatory. These issues demand a swift response.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\" \/>\n<meta property=\"og:site_name\" content=\"I4CE\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T08:31:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.i4ce.org\/wp-content\/uploads\/2023\/09\/Ciaran_a-la-une-v2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1507\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sacha Poree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@I4CE_\" \/>\n<meta name=\"twitter:site\" content=\"@I4CE_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sacha Poree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\"},\"author\":{\"name\":\"Sacha Poree\",\"@id\":\"https:\/\/www.i4ce.org\/#\/schema\/person\/019647dfff6cbbde1a8f49ae7edf6346\"},\"headline\":\"Mario Draghi Sounds the Alarm \u2013 Can the EU Operate in Time?\",\"datePublished\":\"2024-09-20T08:31:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\"},\"wordCount\":430,\"publisher\":{\"@id\":\"https:\/\/www.i4ce.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/staging.i4ce.org\/wp-content\/uploads\/2023\/09\/Ciaran_a-la-une-v2.png\",\"articleSection\":[\"Foreword of the week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\",\"url\":\"https:\/\/www.i4ce.org\/en\/mario-draghi-sounds-alarm-can-eu-operate-time-climate\/\",\"name\":\"Mario Draghi Sounds the Alarm \u2013 Can the EU Operate in Time? 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