The recent meeting of the General Affairs Council of the EU, held in Luxembourg, underscored the critical role of the EU Cohesion Policy in facilitating the green and digital transitions essential for sustainable development across member states. Cypriot Finance Minister Makis Keravnos highlighted the significance of this policy, advocating for its alignment with the EU’s strategic objectives for 2024-2029 to promote economic, social, and territorial cohesion.
Strategic Synergies for Balanced Development
Minister Keravnos emphasised the necessity of integrating the Cohesion Policy with the new EU Strategic Agenda. He argued that this alignment is vital to ensure balanced development across all EU regions. The policy’s investment in green and digital transitions is not merely a strategic choice but a legal obligation under the EU Treaties. It aims to foster economic, social, and territorial cohesion, which in turn reinforces the Single Market.
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Decentralised Decision-Making and Stakeholder Participation
The discussions also touched upon the importance of decentralised decision-making and active participation of stakeholders at all levels – European, national, and local. This approach ensures that the unique characteristics and potential of each member state are harnessed effectively, promoting overall growth and prosperity within the EU. Cyprus’ position advocates for a collaborative model where localised insights and initiatives drive the broader EU goals.
Addressing Challenges and Opportunities
The General Affairs Council’s meeting highlighted both the challenges and opportunities presented by the green and digital transitions. As the EU moves towards a more sustainable and technologically advanced future, the Cohesion Policy is seen as a key tool to address disparities and ensure that all regions benefit from these advancements.
