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Never before has that enduring promise of protection stability and opportunity mean more important than it is today allow me to explain why. First europe must come to new to protect lives and livelihoods this is all the more important in the middle of a pandemic that shows no sign of running out of steam or intensity we know how quickly numbers can spiral out of control so we must continue to handle this fantastic pandemic with extreme care responsibility and unity in the last 6 months. Our Health Systems and workers have produced miracles every country has worked to do its best for its citizens. And europe has done more to gether than ever before. When the Member States closed borders we created green lanes for goods when more than 600000 european citizens were stranded all over the world the e. U. Brought them back home when some countries introduced export bands for critical medical goods we stopped that and ensure that critical medical goods should go where it was needed we worked with the European Industry to increase the production of masks of gloves of tests of ventilators our Civil Protection mechanism ensured that doctors from romania could treat patients in italy or that latvia had sent masks through is baltics neighbors and we achieved all that without having full competencies so for me it is Crystal Clear we need to build a stronger European Health union it is time to do that one. And to start making this a reality we must now draw the 1st lessons from the Health Crisis we need to make our new efore you for Health Program future proof and this is why i had proposed to increase funding and im grateful that this parliament is ready to fight for more funding and remedy the cuts made by the European Council and we need to strengthen our crisis preparedness and management of Cross Border Health issues as a 1st step we will propose to reinforce and and power the European Medicines Agency and the c. D. C. Our center for disease prevention and control. As a 2nd step we will build a european barda an agency of biomedical advanced Resources Research and development this new agency will support our capacity and readiness to respond to cross border threats and emergencies weather of natural of deliberate origin we need strategic stockpiling to address supply chain dependencies notably for pharmaceutical goods and as a cert step it is clearer than ever that we must discuss the question of health competencies and i think it is a noble and urgent task to do this for the cam conference on the future of europe. I think you are too and finally. And because it was a Global Crisis and we need to learn the global lessons this is why along with Prime Minister contra and the italian g 20 presidency next year i will come v. In a Global Health summit next year in italy this will show europeans that our union is their protector to protect them all and this is exactly what we have done when it comes to workers when i took office i have bowed to create an instrument to protect workers and businesses from external shocks because i knew from my experience as a minister for labor and social affair that these schemes work. They keep people in jobs they keep the skills in the companies and of course they keep the business there the seventies and business these as emmys are the motor of our economy and they will be the end of our recovery and this is why the commission creative the Short Program and i want to thank this house for working on it in record time if youre all past so far void at mass unemployment seen elsewhere it is things in large part to the fact that the road 40000000 people applied for short time work schemes the speed and the unity of purpose means that 16 countries will soon receive almost 90000000000 euros from sure to support workers and companies from the santa to spain it will give peace of mind to families who need that income to foot put food on the table or to pay the rent and it will help protect millions of jobs incomes and companies right across our union this is real European Solidarity in action and and reflects the fact. That in our union the dignity of work must be sacred that the truth is that for too many people work no longer pays. Dumping wages destroys the dignity of work penalizes the entrepreneur who pays decent wages and distorts fair competition in the Single Market and this has to stop and this is why the commission will put forward a legal proposal to support Member States to set up a framework for minimum wages everyone must have access. To. Everyone must have access to minimum wages either through collective bargaining. Or through statutory minimum wages i personally i am a strong advocate of collective bargaining and the proposal will fully respect National Competences and traditions we have seen in many when Member States that introduced collectively bargained minimum wages how well negotiated minimum wage so curers jobs and create fairness both for the workers and for the companies who really value them so honorable members minimum wages were and it is time that work paid. The sucker 2nd promise of the social market economy is that of stability by showing it was united and up to the task europe provided the stability that our economies need and will not forget when the crisis hit. The commission immediately triggered the general escape clause for the very 1st time in our history we flex civilized our european fans and state 8 rules authorizing more than 3 trillion euro in support to companies and industry. From fishermen in cray share to farmers in greece from s. M. S. In italy to freelancers and denmark the European Central bank took Decisive Action through the pep programme the commission propose next generation you in record time thats from binding investment in the much much needed reforms the council endorsed that in record time this house is working towards voting on it with maximum speed honorable members for the 1st time and for exceptional times europe has put in place its own common tools to complement National Fiscal stabilisers this isnt it remarkable moment of unity in the European Union and this is an achievement we should take color lect of pride in we made that. Us. And now its time to hold our course we have all seen the forecasts we can expect our economies to start moving again after a 12 percent drop in g. D. P. In the 2nd quarter but as the virus lingers so does the uncertainty here in europe and around the world so this is definitely not the time to withdraw support our economies need continued policy support and the delicate balance will need to be struck between providing Financial Support and shoring fiscal sustainability. In the longer term there is no greater way to stability and competitiveness than through a Stronger Economic and Monetary Union confidence in the euro has never been stronger the historic agreement on next generation e. U. Shows the political backing that it has and we must now use this opportunity to make Structural Reforms in our economies and complete the Capital Markets union and the Banking Union deep and liquid Capital Markets are essential to give businesses access to the finance they need and they needed to grow and invest in recovery and in the future and they are also a prerequisite to further strengthen the International Role of the euro so lets get to work and finally complete this generational project and the 3rd enduring promise is the promise of opportunity and then make reminded us of many things we have may have forgotten or we may have taken for granted we were reminded how linked our economies are and how crucial a fully functioning sync the market is to our prosperity and to the way we do things this ng the market is all about opportunity opportunity for consumers to get value for money opportunities for a company to sell everywhere in europe and opportunities for the industry to glue to drive Global Competitiveness and fall of us it is about the opportunity to make the most of the freedoms which arish as europeans it gives our companies the scale they need to prosper and the safe haven for them in times of troubles. We rely on it every day to make our lives easier and it is crucial for managing the crisis and recovering our strength so lets give it a boost we must tear down the barriers of the Single Market we must cut retch tape we must step up implementation and enforcement and we must restore the 4 freedoms in full and as fast as possible the linchpin of this is a fully functioning Schengen Area of Free Movement and we will work with parliament and Member States to bring this high up on our political agenda and we will propose a new strategy for the future of shaman based on this strong internal market the European Industry has long powered our economy providing a Stable Living for millions and creating the social haps around which our communities are built. We presented. A new industry strategy in march to ensure industry could lead the train in green and Digital Transition the last 6 months have only accelerated that transformation at a time when the Global Competitive landscape is fundamentally changing as to we have to keep up and this is why we will update our industry strategy in the 1st half of next year and adapt outcome that competition framework which should also keep pace. Honorable members all this will ensure europe gets back on its feet but as we pull through together we must also propel our selves forward in the world of tomorrow. And there is no urgent need for acceleration no more urgent need for acceleration than when it comes to the future of our fragile planet while much of the world activity froze during lockdowns and shutdowns the planet continue to get dangerously hotter and we see it all around us from houses evacuated due to the glacial collatz on the mall blow to fires burning through oregon 2 crops destroyed in rumania by the most severe droughts in decades but we also saw nature coming back into our lives we longed for green spaces and clean air for Mental Health and our physical well being. We know change is needed and we also know it is possible the European Green deal is our blueprint to make that transformation at the heart of it is our mission to become the 1st climate neutral continent in 2050 but we will not get there with the status quo we need to go faster and we need to do things better we looked in depth in every sector to see how fast we could go and how to do it in a responsible evidence based way we held a wide Public Consultation and conducted an extensive Impact Assessment and on this basis. The European Commission is proposing to increase the 2030 targets for Emission Reduction to at least 55 percent. The old to it. I recognize that this increase from 40 to 55 is too much for some and not enough for others but our Impact Assessment clearly shows that our economy and industry can manage this and they want it just yesterday 170 Business Leaders and investors from s. M. S. To some of the worlds Biggest Companies wrote to me calling on europe to set a target at least at 55 percent our Impact Assessment clearly shows that meeting this target would put the European Union firmly on track for climate neutrality by 2050 and for meeting our Paris Agreement obligations and if others follow our lead the world will be able to keep warming below 1. 5 degrees celsius and fully aware that many of our partners are far away from that but we have to lead and i will come back to the carbon board adjustment mechanism later but for us. The 2030 target is ambitious its a shiva bill and it is beneficial for europe we can do it and we have already shown that we can do it. While emissions dropped 25 percent since 1900 our economy grew more than 60 percent the difference is now that we now have the technology we have way more expect expertise and we have the investment and we are already embarking towards a circular economy with Carbon Neutral production we want to be leading in the world on that we have more young people pushing for change we have more proof that what is good for the climate is good for business and is good for us all and we have a solemn promise to leave no one behind in this transformation without Just Transition fund we will support the regions that have a bigger and more costly change to me we have it all now its our responsibility to implement it and to make it happen and i want you at my side and i have vital for this endeavor because we only can do it together this is our mission on the european level on level Members Meeting this new target will reduce our energy imported pendency will create millions of extra jobs and more than half air pollution pollution to get there we have to start now by next summer we will revise all of our climate and Energy Legislation to make it fit for 55. 00 we will enhance emission trading boost Renewable Energy improve Energy Efficiency Reform Energy taxation. But the mission of the European Green deal involves much more than cutting emissions this is important. But it is about making systemic modernisation across our Economy Society and industry it is about building a stronger world to live in our current levels of consumption of raw material and water food and land use is not sustainable we need to change how we treat nature how we produce and consume how we live and work eat and heat travel and transport so we will tackle everything from hazardous chemicals to deforestation to pollution this is a plan for true recovery it is an Investment Plan for europe and this is where next generation you will make a real difference firstly 37 percent of next generation is you will be spent direct plea on our European Green deal objectives and it is i will ensure that it also takes Green Financing to the next level we are World Leaders in green finance and we are the largest issuer of green bonds worldwide we are leading the way in developing a reliable your green bomb standard and i can announce today that we will set a target of 30 percent of next generation each use 750000000000 euros to be raised through green bonds thank you one. Secondly. Next generation you should invest in lighthouse european project with the biggest Impact Hydrogen renovation and 1000000 electric charging points and allow me to explain how this could work. 2 weeks ago in sweden a unique fossil free steel pilot began test operations it will replace coal with hydrogen to produce clean steel this shows the potential of hydrogen to support our industry with a new with a clean license to operate i want next generation you to create new European Hydrogen valleys to modernize our industries to power our vehicles and to bring new life to our rural areas the 2nd example of the buildings we live and work in our buildings generate more than 40 percent of our emissions they need to become less wasteful less expensive and more sustainable and we know that the construction sector can even be turned from a carbon source into a carbon sink if organic Building Materials like what and Smart Technologies like ai are being used so i want next generation you to kickstart a european or innovation wave and make our union a leader in the search you like on a me but this is not just in the via an environmental or economic project it needs to be a new cultural project for europe every movement has its own look and feel and we need to give our systemic change its own distinct a statics to match style with sustainability and this is why we will set up a new european baal house. A cool creation space where architects artists students engineers designers Work Together to make that happen. This is next generation you and this is shaping the world we want to live in a world served by an economy that cuts emissions boosts competitiveness reduces Energy Poverty creates rewarding jobs and improves quality of life and world where we use Digital Technologies to be able to build a healthier a green a society and this can only be achieved if we all do it together and i will insist that recovery plans dont just bring us out of the crisis but also help us propel europe forward in the world of tomorrow to get a dominant hand up called newton. Dont sign momentous apology me for on it as you type it this pandemic because during a time without Digital Technology changed from family or in 300 spent in full isolation cut off from family relatives stoplight problems. Inability to go to work surely this is what it must have looked like 100 years ago and the last pandemic. A century on. Modern technology. And mabels us in a time of civic pandemic for young people to see because you their studies are people to work from home keeping production lines open and distributing those products he allows Public Administration to provide Important Services to citizens. In a matter of just a few weeks we witnessed greater progress and digital transfer from ation than over several years. But we are coming up against the limits of what Analog Technology will allow us to do now this transition has just begun the forthcoming decade will and must be europes digital decade we need a common plan for a digital europe with clearly set out targets and objectives for 2050 we need targets for 2030 in the field of connectivity digital come competent skills Public Administration and many other areas we also need clear principles the right to press privacy the right to access freedom of expression. The free flow of data and cyber security. In order to achieve all this europe must take a leadership role. It will be following others who will say. Be setting standards for us. This is why quick and Decisive Action is needed so badly now there are 3 areas that we i believe must focus on 1st of all data. Has all that when it comes to personalized data b. To see. Business to consumer europe has to slow and has had to follow others this must not happen again with industrial data and i have some good news europe is in the lead in this field we have the technology and we have the industry. But this alone will not win us the race. The quantity of industrial data will multiply 4 fold over the next 5 years and that will bring with it opportunities so now is the time to allow businesses start ups as a means to fully exploit the potential industrial data is invaluable when it comes to developing new products and new services. However the reality looks very different 80 percent of industrial data that are gathered and collected never get put to any use which is a huge waste a true data economy would be a powerful driver for in innovation however. This is why europe must secure the data and make it widely accessible we need common data. Collection in the field of energy and health care for example which will boost the activity of Research Clusters Businesses Research centers must be able to access in a secure way the state and use its potential reach this is why in the context of next generation e. U. We will be establishing a european cloud on the basis of x. Thats right. The 2nd area that we must focus on. Is technology itself in particular artificial intelligence. Now whether its for persuasion farming Precision Health care and early diagnosis and health care or autonomous driving. Ai opens up whole new worlds for us its truly fantastic but these worlds needs to be regulated

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