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5 aprile 2018

Letter to Juncker: Next EU budget must enhance climate action and sustainable development

Today, april 5th, a broad group comprised of business associations, civil society, think tanks and other organisations have urged the President of the European Commission, through a joint open letter, to make the future EU budget fully compatible with the Paris Agreement and the Sustainable Development goals. On 2 May, the European Commission is due to publish its general proposal on the spending priorities of the next EU budget after 2020. Kyoto Club has joined the call launched by Climate Action Network Europe.

The letter calls upon President Juncker to significantly increase the current 20% climate action share of the EU budget, to climate proof the entire budget by excluding fossil fuels and to ensure that EU funds add to Member States’ efforts to achieve the 2030 and 2050 climate objectives. Also Kyoto Club has joined the call launched by Climate Action Network (CAN) Europe.

Climate change is increasingly perceived by European leaders as a global threat that the EU budget, the so called Multiannual Financial Framework, should address. On 22 March at a Conference on Sustainable Finance, the European Commission President Jean-Claude Juncker stressed that the EU must go further towards aligning financial flows with climate objectives. At the same event, French President Emmanuel Macron called for the next EU budget to earmark 40% of its spending for climate action and the ecological transition.

These declarations add to the growing momentum in favour of more funds for climate action. Earlier in March, 14 environment ministers advocated for a climate-friendly EU budget that rules out fossil fuel subsidies, and the European Parliament agreed to substantially raise the climate action spending target.

Wendel Trio, director of Climate Action Network Europe, said: “It is clear for us that the future EU budget must live up to the huge challenges posed by climate change. EU institutions cannot claim that they are doing everything they can to comply with the Paris Agreement whilst continuing to fund fossil fuels. At the same time, the EU budget has a huge untapped potential to catalyse the clean energy and mobility transition. A credible EU budget must address the common and long term challenges Europeans are faced with: climate change is one of them. Higher European climate and energy targets for 2030, particularly in less developed regions, will only be met if they are supported by a 40% climate action spending target and if all fossil fuel subsidies are phased out.”

Read the letter to the President of the European Commission

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