Views: 42The “green recovery” transition process is an expensive endeavor: hence the European Commission tries to find most effective ways to finance it. Thus, more than two years after the start of the green bond issuance, the borrowing has brought about €50 billion to the market to become the world’s largest green bond program.
Category: EU in global governance
Artificial Intelligence’s safety summit: formulating perspective priorities
Views: 42The global community is entering a completely new and different digital era witnessing a coming period where computers start acting human-kind and hopefully “intelligently”. With the complexity of the AIs facilities, the issues of safety are becoming more complex. At the recent AI safety summit in London the EU suggested four perspective priorities aimed […]
Transformative and accelerated actions towards SDGs-2030
Views: 78Recent summit of global leaders at the UN Headquarters in New York at the end of September were aimed at reviewing the implementation of the 2030 Agenda and its 17 Sustainable Development Goals, SDGs. Besides, it provided a high-level political guidance on transformative and accelerated actions leading to achieving the SDGs by 2030, which […]
“Green transition” issues: political economy’s complexities
Views: 52Most countries in the world, including both the US and the EU political economy’s governance, are deeply involved in delivering “green agendas” with massive investments in green growth and renewable technologies. Particularly, public green subsidies in the two big powers are aimed at encouraging private sector’s sustainable growth patterns. However, decision-making in green transition […]
The EU’s Erasmus+ program: additional efforts in global education
Views: 49The Commission selected 159 projects for funding under Erasmus+ program (Capacity Building for Higher Education), which supports the modernisation and quality assurance of higher education in third countries worldwide. These projects respond to the EU-wide aim of supporting international cooperation in the fields of higher education, improving education systems, as well as strengthening socio-economic […]
Sustainability reporting: common standards for businesses
Views: 51The EU’s governance has started intensive efforts to force corporate entities to implement sustainability and fulfill their obligations under the “green deal”. Present corporate sustainability reporting seems inefficient with gaps tarnishing public “green accountability”. The Commission has adopted common standards for companies to manage sustainability performance and make it more efficient with a better […]
Fading European economy’s motor: frightening deindustrialization in Germany
Views: 53Recent article in Politico revealed some frightening for the EU-wide growth signs of economic decline in Germany. The main reason is a “toxic mixture” of such new factors in contemporary growth as high energy costs (though in some EU states energy prices have already fallen to pre-2012 levels), skilled-worker shortages and red tape, etc. […]
“Green business” in modern European political economy
Views: 55Modern global challenges affected national socio-economic development through numerous directions: e.g. digitalisation (and other outcomes of the 4th industrial revolution), sustainability requirements, climate mitigation efforts and “green growth” agendas; the latter have ignited fundamental reforms in political economies, as well as in European and national guidance’s systems. Almost all spheres of socio-economic development in […]
Global sustainability report-2023: new initiatives to accelerate SDGs
Views: 62During last seven years, global community has acquired periodical sustainable development reports providing most up-to-date data to follow and rank the performance of all UN member states on Sustainable Development Goals, SDGs. Recent report made at the mid-point of the UN Agenda-2030 acknowledges very modest progress made and formulates priorities to restore and accelerate […]
Social market economy and social enterprises in the European governance
Views: 42From its inception, the European Union has been striving to pursue the social-market economy’s concept in the member states’ development and national growth patterns. Therefore, the so-called social enterprises are presently playing increasing role in the EU-wide and states’ economy by prioritizing social, environmental and climate mitigation goals alongside creating substantial profits.