Europe Urged to Invest €300 Billion for Digital Sovereignty and Sustainability by 2033

April 29, 2025
Europe Urged to Invest €300 Billion for Digital Sovereignty and Sustainability by 2033
  • Key infrastructure proposals include EuroChips for semiconductor production, SovereignCloud for secure cloud services, and SovereignAI for artificial intelligence solutions.

  • The EuroStack report calls for Europe to invest €300 billion over the next decade to build a digital ecosystem that emphasizes sovereignty and sustainability.

  • Andrea Renda highlights the necessity for Europe to develop a robust internal digital infrastructure to prevent job losses and maintain technological independence in the face of competition from the US and China.

  • Martin Hullin from Bertelsmann Stiftung underscores that EuroStack provides a roadmap to reduce technological dependence and enhance strategic autonomy for Europe.

  • The report recommends establishing an EU Sovereign Tech Fund, promoting 'Made-in-Europe' standards, and fostering public-private partnerships to drive homegrown innovation.

  • The report warns that without decisive action, Europe risks losing its economic and digital infrastructure to foreign powers, jeopardizing its social and climate objectives.

  • Ultimately, the report advocates for Europe to reclaim its digital future and emerge as a global leader in sustainable, values-driven digital innovation.

  • This initiative aims to diminish Europe's reliance on foreign technology providers, as currently over 80% of its digital infrastructure is imported.

  • Authored by Francesca Bria, Paul Timmers, and Fausto Gernone, the report emphasizes the urgent need for Europe to regain its technological independence.

  • Francesca Bria describes EuroStack as a 'moonshot' for Europe, essential for the region's digital evolution and economic independence.

  • The report proposes the EuroStack Challenge to fund the development of digital products in critical sectors such as healthcare and smart manufacturing.

  • Prof. Mariana Mazzucato advocates for a mission-driven approach, urging governments to forge strong partnerships with the private sector that align investments with European sustainability goals.

Summary based on 1 source


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