What are the objectives of Horizon Europe?

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The Core Objectives

Under the umbrella of the Horizon Europe program, the EU has outlined a strategic roadmap for research and innovation spanning from 2021 to 2027. The primary objectives of this framework are delineated as follows:

Accelerating the Twin Transition

A paramount focus of Horizon Europe is to expedite the green and digital ‘twin transition’, catalyzing progress towards a sustainable and digitally integrated future. This initiative seeks to harness technological advancements in tandem with environmental sustainability.

Strengthening Resilience

Another pivotal goal is to bolster resilience and crisis preparedness, ensuring that Europe is fortified to confront unforeseen challenges and crises that may arise in an increasingly complex global landscape.

Fostering Global Competitiveness

Horizon Europe aims to fortify Europe’s global competitiveness by fostering innovation and creativity, thereby enhancing its position in the global market. This entails cultivating an environment conducive to the development and adoption of innovative solutions on a global scale.

The Imperative of Research and Innovation

Investing in research and innovation (R&I) is paramount for maintaining Europe’s scientific and technological leadership. The significance of such investments is underscored by a myriad of compelling insights:

  • Approximately two-thirds of EU productivity growth over recent decades is attributed to investments in R&I.
  • Every euro invested at the EU level in R&I has the potential to yield substantial returns, generating up to €11 in GDP gains over a span of 25 years.
  • Horizon 2020, the precursor to Horizon Europe, is projected to contribute significantly to GDP gains, estimated at €400-600 billion by 2030.

Financial Commitments and Implications

The commitment to research, innovation, and competitiveness is further exemplified by the substantial financial allocations earmarked for Horizon Europe. With a budget of €95.5 billion, coupled with the €750 billion NextGenerationEU recovery instrument, the EU demonstrates a steadfast dedication to fostering sustainable growth and resilience through research and innovation initiatives.

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