THE NEED TO CHANGE In what way is the current policy agenda not delivering solutions to solve the crises at hand? Which social and ecological crises are persistent and are threatening the wellbeing of all, now and in the future? The next three sections will analyse the scientific insights, the opinions of the people of Europe and the needs of European businesses. [...] For the US, this increase was larger, from 28.5% to 34.9%.32 A recent study analysed the more moderate increase in the EU compared to the US and attributed this to the weaker rise in labour income inequality and the stronger rise in house prices relative to financial assets in Europe versus the US. [...] The EVP will need to steer the further development of the policy toolkit and the reform of the European Semester process, in collaboration with other Commissioners and Directorate-Generals as well as EU agencies such as the European Environment Agency (EEA). [...] Foundational Principles Guiding the European Semester Authors see a need to reform the European Semester to better steer and support the implementation of EU goals and targets set for instance in the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs). [...] For the next MFF, the European Commission needs to assess the design and adequacy of the EU budget to help finance the achievement of set goals and targets contributing to sustainable and inclusive wellbeing.
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Table of Contents
- 9cdabe6c-4a5a-49da-88e3-53349991ea84.pdf -1
- PROLOGUE 2
- AUTHORS 2
- ACKNOWLEDGEMENTS 2
- PLEASE CITE AS 2
- EXECUTIVE SUMMARY 3
- The Need to Change 3
- The Change we Need 3
- 1. INTRODUCTION 7
- 2. THE NEED TO CHANGE 9
- What the science says 9
- What people want 17
- What businesses need 18
- 3. THE CHANGE WE NEED 20
- Define the Overarching Goal 20
- Overcoming Barriers and Enabling Change 23
- European Leadership 23
- 4. A EUROPEAN POLICY AGENDA FOR SUSTAINABLE AND INCLUSIVE WELLBEING 24
- A. Strengthen the Science-Based Policy Toolkit 24
- Metrics for Sustainable and Inclusive Wellbeing 24
- An Accounting Framework for Sustainable and Inclusive Wellbeing 25
- Forecasting Models and Impact Assessments of Sustainable and Inclusive Wellbeing 26
- B. Reform the European Semester process 27
- C. Implement Policies for 5 Societal Transformations and 13 Policy Areas 34
- 5. FINAL REMARKS 36
- ANNEX 1. POLICY SUGGESTIONS FOR SUSTAINABLE AND INCLUSIVE WELLBEING 37
- Thematic Transformation–Inclusive Wellbeing 37
- Thematic Transformation-Sustainable Wellbeing 39
- Enabling Transformation-Mission Economy and Finance 41
- Enabling Transformation-Transformative Research and Innovation 43
- Enabling Transformation- Multi-level Governance 44
- ENDNOTES 45
- A European Policy Agenda for Sustainable and Inclusive Wellbeing 4
- Strengthen the Science-Based Policy Toolkit 4
- Reform the European Semester Process 4
- Implement Policies for 5 Societal Transformations and 13 Policy Areas 4
