Bankwatch Mail 33
Publisher: CEE Bankwatch Network
Volume: 8 pages, pdf
Description:
In the upcoming 2007-2013 budgetary period, the European Union will spend EUR 347 billion – more than a third of its total budget – on subsidies from its structural and cohesion funds. In the same period, Europe will have to deliver serious cuts in its greenhouse gas (GHG) emissions in order to achieve the recently agreed targets of 30 percent reduction by 2020 and 60-80 percent by 2050.