Links between the Stability and Growth Pact & CoR opinion on climate finance
The revision process of the Stability and Growth Pact which opened in the first week of February 2020 takes up many of the points mentioned in the CoR opinion on climate finance.
In particular, point 22 stating "the Committee of the Regions underlines how sometimes state aid regulations and / or European accounting standards for public bodies, often stringent, can make environmental investments more complex and for the climate. He therefore invites the European Commission to verify the existence of room for maneuver to make these investments more favorable " was fully taken up by the EU Commissioner Gentiloni.
It is in the absolute interest of local and regional representatives to reduce macroeconomic imbalances, to ensure short-term stability of accounts and long-term sustainability. The main challenge is to know how to make the most of the flexibility currently provided for by the rules, to make it more suitable for the Green Deal objectives, and therefore useful for promoting sustainable green investments.
Marco Dus, the rapporteur, is convinved that sustainable and inclusive growth is not only possible but necessary for us and for future generations.