Climate-Linked Spending Set to Rise to a Quarter of EU Budget
- European Commission to present 2021-2027 budget proposal May 2
- Climate to be component of regional aid, transport spending
The European Union’s executive is poised to propose spending 25 percent of funds available in next EU multiannual budget on activities related to climate protection, making sure new economic and political challenges don’t weaken the bloc’s resolve to fight pollution.
The European Commission’s blueprint for the 2021-2027 budget, to be proposed on May 2, will boost the so-called climate mainstreaming from 20 percent in the current multiannual financial plan, according to a person with knowledge of the matter. The funds for reducing emissions and adapting to climate change will be earmarked under policies such as regional aid, transport, research and external relations, said the person, who asked not to be identified because talks on the draft budget are private.
Bear in mind this is only the tip of the iceberg, as individual countries are already standing the major costs themselves of climate policy.
The EU Budget is about 150bn euro pa. If anything shows how fatuous the whole EU project is, this must be it
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April 30, 2018 at 03:52PM