Climate Change

Climate spending from EU’s 2014-2020 budget was far lower than reported

Court of Auditors report climate action eu budget

Photo: Tumisu

Published

June 2, 2022

Country

Comments

0

Share

Published:

June 2, 2022

Country:

Comments:

0

Share

The European Union has not reached its target of spending at least 20% of its 2014-2020 budget on climate action, the European Court of Auditors (ECA) said in a report.

The European Commission has reported that the EU met the 20% climate spending target by spending EUR 216 billion on climate action.

However, the ECA found that the entire sum was not relevant to climate action and that the amount was lower – EUR 144 billion, equivalent to a 13% share. The auditors also warned of the risk that planned or committed amounts may not be spent, saying it could further lower report climate spending.

Climate spending was the most overstated in agriculture

The main areas of EU climate spending are agriculture, infrastructure, and cohesion. According to the report, climate spending was the most overstated in agriculture, by almost EUR 60 billion. The commission reported that 26% of EU agricultural funding was climate-relevant, about half of the EU’s total climate spending.

But auditors said greenhouse gas emissions from farming in the EU have not decreased since 2010, the report reads.

The auditors also pointed to reliability issues in the commission’s reporting for the 2021-2027 period, when the EU’s new climate spending target will rise to 30%.

Elvinger: Addressing climate change is a key priority for the EU

“Addressing climate change is a key priority for the EU, which has set itself challenging climate and energy objectives,” said Joëlle Elvinger, the ECA member who led the audit.

The court revealed that not all the reported climate-related spending under the EU budget was actually relevant to climate action, she added.

According to the report, the auditors prepared several recommendations to overcome climate spending issues in the 2014-2020 EU budget.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Temperature in Belgrade is seven degrees higher due to insufficient green areas

Temperature in Belgrade is seven degrees higher due to lack of green areas

15 April 2024 - The temperature in the central part of Belgrade in densely built locations is on average seven degrees Celsius higher than in green areas

North Macedonia green loans national bank data

Green loans in North Macedonia grow 30% but their share remains low

11 April 2024 - The National Bank of North Macedonia has recorded an increase in green loans by 2.8 times since 2019, while growth in 2023 amounted to 29.1%.

KlimaSeniorinnen Schweiz European Court of Human Rights climate change

Historic ruling of European Court of Human Rights: Climate protection is human right

11 April 2024 - The Swiss Senior Women for Climate Protection association has achieved a historic victory at the European Court of Human Rights

eu-ets-wind-farm-emissions-reduction

Wind and solar drive record emissions cut under EU ETS

05 April 2024 - Electricity generation from wind and solar has helped achieve the biggest annual emissions reduction under the EU ETS