Europe 2020
Strategy 2020
Europe 2020 is a 10-year strategy proposed by the European Commission on 3 March 2010 for advancement of the economy of the European Union. It aims at "smart, sustainable, inclusive growth" with greater coordination of national and European policy. It follows the Lisbon Strategy for the period 2000–2010. On 26 March 2010, the European Council agreed on the key elements of the new strategy. President Herman Van Rompuy who chaired the meeting pointed out that the strategy sums up the European model of social market economy with a strong environmental dimension. The strategy elements were formally adopted on 17 June 2010.
Europe 2020 puts forward three mutually reinforcing priorities: they offer a vision of Europe's social market economy for the 21st century.
– Smart growth: developing an economy based on knowledge and innovation.
– Sustainable growth: promoting a more resource efficient, greener and more competitive economy.
– Inclusive growth: fostering a high-employment economy delivering social and territorial cohesion.
The EU needs to define where it wants to be by 2020. The strategy identifies five headline targets the European Union should take to boost growth and employment. These are:
* To raise the employment rate of the population aged 20–64 from the current 69% to at least 75%. * To achieve the target of investing 3% of GDP in R&D in particular by improving the conditions for R&D investment by the private sector, and develop a new indicator to track innovation. * To reduce greenhouse gas emissions by at least 20% compared to 1990 levels or by 30% if the conditions are right, increase the share of renewable energy in final energy consumption to 20%, and achieve a 20% increase in energy efficiency. * To reduce the share of early school leavers to 10% from the current 15% and increase the share of the population aged 30–34 having completed tertiary from 31% to at least 40%. * To reduce the number of
Europe 2020 is a 10-year strategy proposed by the European Commission on 3 March 2010 for advancement of the economy of the European Union. It aims at "smart, sustainable, inclusive growth" with greater coordination of national and European policy. It follows the Lisbon Strategy for the period 2000–2010. On 26 March 2010, the European Council agreed on the key elements of the new strategy. President Herman Van Rompuy who chaired the meeting pointed out that the strategy sums up the European model of social market economy with a strong environmental dimension. The strategy elements were formally adopted on 17 June 2010.
Europe 2020 puts forward three mutually reinforcing priorities: they offer a vision of Europe's social market economy for the 21st century.
– Smart growth: developing an economy based on knowledge and innovation.
– Sustainable growth: promoting a more resource efficient, greener and more competitive economy.
– Inclusive growth: fostering a high-employment economy delivering social and territorial cohesion.
The EU needs to define where it wants to be by 2020. The strategy identifies five headline targets the European Union should take to boost growth and employment. These are:
* To raise the employment rate of the population aged 20–64 from the current 69% to at least 75%. * To achieve the target of investing 3% of GDP in R&D in particular by improving the conditions for R&D investment by the private sector, and develop a new indicator to track innovation. * To reduce greenhouse gas emissions by at least 20% compared to 1990 levels or by 30% if the conditions are right, increase the share of renewable energy in final energy consumption to 20%, and achieve a 20% increase in energy efficiency. * To reduce the share of early school leavers to 10% from the current 15% and increase the share of the population aged 30–34 having completed tertiary from 31% to at least 40%. * To reduce the number of