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Shifting Priorities in Post-COVID Recovery – Towards an Economy of Wellbeing for People & Planet

  • Calendar June 4th, 2020
  • Time 14:30

This text is taken from EESC.

“In the context of the current climate and environmental crisis and raising social inequalities, there is a growing interest in the concept of “wellbeing economy“.

This includes among others OECD in-depth work in this area, several countries adopting wellbeing budgets or wellbeing policy initiatives and the Finnish Council Presidency defining the “economy of wellbeing” in late 2019.

The EESC believes that the wellbeing economy should simultaneously:

  • protect ecosystems;
  • conserve biodiversity;
  • deliver a just transition to a climate neutral way of life across the EU;
  • foster sustainable entrepreneurship.

The current health crisis caused by the outbreak of COVID-19 pandemic exposed the fragility of governments’ policies narrowly geared by the pursuit of economic progress measured solely by the GDP growth.”

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