EU Seeks to Advance Twin Green and Digital Transitions Amid Persistent Single Market Complexities
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The European Single Market aims to enable free movement of people, goods, services, and capital in the EU, making it the world's biggest trading bloc. However, implementation complexity persists.
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The 2024 Annual Single Market Report outlines 9 competitive drivers and tracks annual progress in areas like infrastructure, energy, digitalization.
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Key goals are advancing the digital and green transitions amid challenges like inflation, geopolitics, and China's tech dominance.
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The EU boasts advantages like quality infrastructure and clean tech leadership to aid twin transitions. Recovery funds also help.
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The European Monitor of Industrial Ecosystems tracks adoption of green and digital tech by companies. In 2022, only 69% of SMEs had basic digital intensity, below the 90% 2030 target.