{"id":156534,"date":"2025-01-31T08:28:28","date_gmt":"2025-01-31T07:28:28","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=156534"},"modified":"2025-01-31T08:28:28","modified_gmt":"2025-01-31T07:28:28","slug":"what-is-the-competitiveness-compass","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/what-is-the-competitiveness-compass\/","title":{"rendered":"What is the Competitiveness Compass?"},"content":{"rendered":"<p style=\"text-align: justify;\">A new framework to rekindle economic productivity and secure the EU\u2019s competitive edge has been presented by the European Commission.\u00a0<strong>The Competitiveness Compass<\/strong>\u00a0builds on the recommendations set out in Mario Draghi\u2019s report on the future of European competitiveness. It will steer the EU\u2019s work on competitiveness over the next five years and translate the report\u2019s recommendations into concrete actions for the EU\u2019s future prosperity.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/12\/4_Boosting-productivity-with-digital-tech-diffusion.jpg\"><img decoding=\"async\" class=\"aligncenter  wp-image-155472\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/12\/4_Boosting-productivity-with-digital-tech-diffusion.jpg\" alt=\"\" width=\"653\" height=\"437\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/12\/4_Boosting-productivity-with-digital-tech-diffusion.jpg 991w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/12\/4_Boosting-productivity-with-digital-tech-diffusion-300x201.jpg 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2024\/12\/4_Boosting-productivity-with-digital-tech-diffusion-768x514.jpg 768w\" sizes=\"(max-width: 653px) 100vw, 653px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The EU enjoys a strong system of rights and values, a Single Market, top-notch infrastructure and a skilled workforce, but the Compass recognises that more must be done to ensure\u00a0Europe keeps pace with other major economies in a challenging and increasingly competitive world. While all the time looking to secure the EU\u2019s climate neutrality, it sets a path for Europe to become the place where future technologies and clean products are invented, manufactured, and put on the market.<\/p>\n<p style=\"text-align: justify;\">The Compass identifies 3 core areas of action:<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Innovation<\/strong>\u00a0\u2013 The EU must close the innovation gap by creating an environment where innovative start-ups, effective industrial leadership and the diffusion of technologies across businesses thrive. Concrete initiatives from the Commission include \u2018Apply AI\u2019 and \u2018AI Gigafactories&#8217; to drive industrial adoption of AI;\u00a0action plans for advanced materials, quantum, biotech, robotics and space technologies; and an EU Start-up and Scale-up Strategy that will address the obstacles that are preventing new companies from emerging and scaling up.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<ul style=\"text-align: justify;\">\n<li><strong>Decarbonisation and competitiveness\u00a0<\/strong>\u2013 The EU will help bring down high and volatile energy prices through an Affordable Energy Action Plan. It will set out a competitiveness-driven approach to decarbonisation through its upcoming Clean Industrial Deal, while an Industrial Decarbonisation Accelerator Act will extend accelerated permitting to sectors in transition. It will also launch action plans for energy intensive sectors, such as steel, metals, and chemicals.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<ul style=\"text-align: justify;\">\n<li><strong>Security and resilience<\/strong>\u00a0\u2013 The EU\u00a0will reduce dependencies and increase its resilience and security by continuing to build effective trade partnerships with economies around the world. Through a new range of Clean Trade and Investment Partnerships\u00a0it will help secure a supply of raw materials, clean energy, sustainable transport fuels, and clean tech from across the world. It will also review public procurement rules to introduce a European preference in public procurement for critical sectors and technologies<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Underpinning these actions will be five cross-cutting activities:<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Simplification\u00a0<\/strong>by drastically reducing the regulatory and administrative burden on firms<\/li>\n<li><strong>Lowering barriers to the Single Market<\/strong>\u00a0through its Horizon Single Market Strategy<\/li>\n<li><strong>Financing competitiveness\u00a0<\/strong>by establishing a European Savings and Investment Union<\/li>\n<li><strong>Promoting skills and quality jobs\u00a0<\/strong>through a Union of Skills<\/li>\n<li><strong>Better coordination of policies at EU and national level<\/strong>\u00a0by introducing a Competitiveness Coordination Tool<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The Competitiveness Compass is the first major initiative of the Commission in the 2024-2029 mandate.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><strong>More information: <a href=\"https:\/\/commission.europa.eu\/news\/steering-eu-towards-greater-sustainable-competitiveness-2025-01-29_en\">European Commission.<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>A new framework to rekindle economic productivity and secure the EU\u2019s competitive edge has been presented by the European Commission.\u00a0The Competitiveness Compass\u00a0builds on the recommendations set out in Mario Draghi\u2019s report on the future of European competitiveness. It will steer the EU\u2019s work on competitiveness over the next five years and translate the report\u2019s recommendations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":155473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4090,346,4088,4083,4082,4084],"tags":[8788,488,5113,447,645],"class_list":{"0":"post-156534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-finance","8":"category-eu-news","9":"category-market","10":"category-production","11":"category-research-innovation","12":"category-technology","13":"tag-competitiveness","14":"tag-economy","15":"tag-european-commision","16":"tag-sustainability","17":"tag-technology","18":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is the Competitiveness Compass? | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/what-is-the-competitiveness-compass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the Competitiveness Compass? | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"A new framework to rekindle economic productivity and secure the EU\u2019s competitive edge has been presented by the European Commission.\u00a0The Competitiveness Compass\u00a0builds on the recommendations set out in Mario Draghi\u2019s report on the future of European competitiveness. 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