Confindustria-BDI-Medef: boosting European public spending on businesses
The three industrial confederations meeting in Berlin: ‘The volume of investment is not growing fast enough to meet demand’
“As budget negotiations progress, it will be essential to safeguard ambitious levels of spending on competitiveness, without undermining Europe’s capacity to invest or increasing the tax burden on businesses.” This is stated in the joint statement issued by BDI, Confindustria and Medef, on the sidelines of the Trilateral Business Forum, which is taking place today in . The statement emphasises the need to ‘strengthen public investment’. According to the three industrial confederations, “the volume of investment is not growing at a sufficient rate to meet current needs”.
‘In a global context characterised by increasingly fierce competition, stable, predictable energy prices that are in line with those of Europe’s main international partners are a key factor in Europe’s competitiveness.’ This is stated in the joint statement by the BDI (Bundesverband der Deutschen Industrie), Confindustria and Medef (Mouvement des Entreprises de France), which emphasise that energy costs continue to represent “a decisive factor in industrial investment decisions”.
The three industrial confederations of Germany, Italia and France emphasise, amongst other things, that ‘the costs associated with the ETS must remain sustainable for industry, with a predictable impact on energy prices, whilst taking due account of the lack of a global level playing field’.
“Achieving the objectives of the Clean Industrial Deal and strengthening Europe’s manufacturing base will require better framework conditions capable of attracting and retaining private investment, as well as a technology-neutral approach to energy and climate policy. It is essential to preserve the instruments that support industrial competitiveness and a level playing field with international competitors, including lower taxation on electricity, compensation for the indirect costs of the ETS, reductions in network tariffs and the valuation of system services, particularly for energy-intensive consumers with high baseline energy requirements”, the statement continues.
