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6.5.        The role of EU innovation policy in the reduction of water stress

The Lisbon Strategy, which was adopted by the European Council in 2000, laid down the foundations for a comprehensive and multi-dimensional approach for innovation policy in the EU for the period 2000-2010. Building on that legacy, the Europe 2020 strategy “for smart, sustainable and inclusive growth” was launched by the European Commission in 2010, covering the period 2010-2020 (EC, 2010a). Furthermore, the European Commission designed the so-called “Innovation Principle”. This contributes to cross-checking that the agenda-setting, legislation and implementation of EU policies remains open to innovation potential, and a favourable regulatory framework is created to help innovation flourish (EC, 2019d). By the end of the Europe 2020 life-cycle, the European Commission ensured its commitment to remain a front-runner in promoting climate action and sustainable development worldwide, as set out in the reflection paper “Sustainable Europe 2030” (EC, 2019h) and manifested in the “European Green Deal” (EC, 2019j), which are also underpinned by the updated “EU Digital Strategy” (EC, 2020g).