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European Commission Makes European Green Deal A Top Priority
17 Oct, 2019

The proposed European Green Deal aims to increase climate ambition, create a climate law and strengthen financial support to spur climate action across Europe. The EU budget, complemented by the proposed creation of a ‘Just Transition Fund’, can play a significant role in speeding up the transition away from oil, gas and coal and in promoting climate-compatible investments at national and regional level.

In light of the climate crisis and the mass demonstrations against governments’ failure to tackle it, the EU budget has a great potential to steer the next generation of EU funds from 2021 to 2027 towards climate neutrality: support the transition to zero-carbon economies, particularly in the EU’s lesser developed and more polluted regions, and end subsidising carbon-intensive infrastructure as it is still happening today.

This requires a much stronger focus on climate action in the overall budget spending, and allowing Cohesion Policy funds to play their part in the decarbonisation of central and eastern Europe in particular.

https://www.renewableenergymagazine.com/panorama/european-commission-makes-european-green-deal-a-20191017