EU Budget for everyone - The people's guide to the financial programming of the European Union Publisher: CEE Bankwatch Network
Volume: 7 pages, pdf
Description:
To reach the EU agreed climate and energy targets by 2020, the European Commission states that at least 20% of the future Multiannual Financial Framework (MFF) 2014-2020 should support climate action. Our environmental NGOs strongly support this initiative and ask to increase it to 25% of the next MFF. In order to have a proper legal basis, this commitment should be included in the Negotiating Box (in its Article9) and in the Inter-Institutional Agreement. Based on the current legislative proposals for EU funds and several assumptions, we calculate that only around 10% of the next MFF will support climate action: there is still a huge gap of €154 billion between current proposals and 25% climate spending in the next MFF. Only 3 funds representing 12% of the total MFF reach the target: LIFE (55% for climate action), Horizon 2020 (35%) and Connecting Europe Facility (33%). All others are far from the target: external action is at 14,3%, Cohesion Policy - even with a broad approach - only reaches 11,3%.