H/T The Global Warming Policy Forum (GWPF).

The EU is no stranger to audit problems and accounting stories, let’s say, and this one maintains the tradition. Pretending to ‘tackle climate change’ can be expensive of course.
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Brussels has been dragged into a bogus accounting scandal after it was claimed climate change spending had been overblown by at least €24 billion, reports the Daily Express.

The European Court of Auditors has questioned the European Commission’s claims about its climate-change programmes.

It was found the European Union’s powerful executive had substantially overestimated the amount it spent on preventing global warming through the use of clever-accounting.

Farmers have been handed cash subsidies which have been counted as agriculture-based spending aimed at climate protection by the Commission.

Eurocrats pass off their subsistence payments to farmers as climate spending, as long as the farmers fulfil a certain level of climate standards.

The ECA said in its report the Commission had overstated the current 2014-2020 budget’s contribution to tackling climate change.

They warned the same was likely to be true for the next seven-year cycle.

Continued here.

via Tallbloke’s Talkshop

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July 16, 2020 at 08:51AM