This requires supportive regulation but also first-class digital infrastructure and an advanced skills base.
And this approach must go hand-in-hand with ensuring the benefits are felt across the economy, throughout society and in every corner of the country.
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Today the pervasive power of the internet has led to a Fourth Utility revolution wherein the internet is as indispensable as our core utilities for survival in this modern day and age.
Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty Text with EEA relevance Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty Text with EEA relevance COMMISSION REGULATION (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (Text with EEA relevance) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 108(4) thereof, Having regard to Council Regulation (EC) No 994/98 of on the application of Articles 92 and 93 of the Treaty establishing the European Community to certain categories of horizontal State aid ( State funding meeting the criteria in Article 107(1) of the Treaty constitutes State aid and requires notification to the Commission by virtue of Article 108(3) of the Treaty.
However, according to Article 109 of the Treaty, the Council may determine categories of aid that are exempted from this notification requirement.
This, is being leveraged by Governments and private sectors to provide a greater quality of life using lesser resources thereby reducing the environmental footprint of our species.
One of the world’s most pressing challenges is climate change: the need to radically reduce greenhouse gas emissions, while continuing to enable economic development worldwide, is a combination that requires innovative action.