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New Luxembourg roadmap for a competitive and sustainable economy

Published Monday June 21 2021

The roadmap “Ons Wirtschaft vu Muer“ (“Our economy of tomorrow”) has been developed in response to the coronavirus pandemic and the vulnerabilities it has brought to light. It has also been inspired by Luxembourg’s work to prepare the society for digitalisation, decarbonisation and the efficient use of resources (the so-called “Rifkin process”) and by analyses of global megatrends. The document also includes measures contributing to the European Union’s combined objectives of attaining climate neutrality by 2050 and global leadership in the digital revolution.

Digitalisation, circular economy, resilient value chains

The roadmap outlines the vision and way forward for the next few years, and includes a series of short- and medium-term actions in six key areas:

  1. Accelerating the digitalisation of the economy for the benefit of society
  2. Driving the digitally enabled circular economy transition
  3. Developing resilient strategic value chains
  4. Enabling a secure and trusted data economy transformation
  5. Ensuring a sustainable digital transition
  6. Providing a supportive investment environment to achieve competitive sustainability

“The roadmap is our instrument for designing the post-COVID recovery and for making our economy more resilient by 2025,” said Minister Fayot. “’Ons Wirtschaft vu Muer’ makes it possible to further accelerate the green transition and the digital transformation which play a central role in stimulating the development of a competitive, resilient and sustainable economy in Luxembourg that is ready to respond to future challenges and opportunities.”

Focus on the data economy

“Ons Wirtschaft vu Muer” presents six short-term pilot projects focusing in particular on developing the data economy. These notably include the establishment of an open, secure Luxembourg cloud, of smart industrial zones and of a strategic value chain for medical diagnostics.

Another key project covered is the creation of a national data exchange platform in order to position Luxembourg among the pioneers of the data economy. The platform would assist data controllers in adopting data governance principles, implementing data interoperability standards, assessing the value of their data and identifying potential data partners. It would also provide tools for data protection such as pseudonymisation and anonymization as well as controlled data access and algorithm usage.

Photos: © MECO

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