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Friedrich-Ebert-Stiftung
Climate and Social Justice
Cours Saint Michel 30e
1040 Brussels, Belgium
Cours Saint Michel 30e
1040 Brussels, Belgium
EU Commission President Ursula von der Leyen announced that a proposal for a European Sovereignty Fund to support European industry’s green and digital transition would be presented in the summer of 2023. The Commission calls for a common European industrial policy with common European funding. It frames the ESF as an important part of the European reaction to the US Inflation Reduction Act (IRA). At this point, no details were given on where the “European funding” should come from. The debate is ongoing currently in between using the existing common European debt or channeling the unused money from the EU’s pandemic recovery fund. This will be a crucial point for political discussions with the Member States, which has been already initiated by the Swedish Presidency of the Council. According to the Commission, the upcoming midterm review of the MFF (EUs multi-annual budget) around the summer will serve as an opportunity to put forward the proposal in more detail.
FES Just Climate acts as a think tank about current and coming trends, and a policy advisor in ongoing debates. We support FES offices and their partners in shaping the industrial revolution of our times. We focus on energy, industrial, structural and labor policies, and the European Green Deal.
In the future, climate and social policymust be two sides of the same European coin. We need to develop climate-neutral energy systems and industries. Simultaneously, we need to safeguard and strengthen the welfare state, local participation and workers’ rights.We shall be working on this with our political, trade union and civil society partners, as well as other think tanks.
Pepe, Jacopo Maria
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Moch, Frederik
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