EU Unveils Competitiveness Compass with Plans to Streamline Sustainability Reporting and Boost Green Industry

The European Commission has launched the Competitiveness Compass, a strategic initiative aimed at enhancing technological leadership, economic resilience, and climate neutrality in Europe. This plan focuses on addressing productivity challenges through investments in advanced technologies like AI and quantum computing, implementing the Clean Industrial Deal to lower energy costs and emissions, and establishing Clean Trade and Investment Partnerships for resource security. Additionally, the EU will streamline regulations, reform capital markets, and develop a skilled workforce through the Union of Skills initiative. The roadmap aims for long-term economic resilience, emphasizing the need for swift implementation and cooperation among Member States to regain competitive advantage globally. Resources: https://esgnews.com/eu-unveils-competitiveness-compass-with-plans-to-streamline-sustainability-reporting-and-boost-green-industry/