24 May '18, 10am

Leaked EU regulation contradicts EC’s climate action commitments https://t.co/tZmUp6SRUg

The draft regulation on the European Regional Development Fund and on the Cohesion Fund is one part of the Commission’s overall package on the next long-term EU budget (also called Multiannual Financial Framework), setting out conditions for funds that implement the EU’s Cohesion Policy. In its communication on the future EU budget published on 2 May, the European Commission announced that 25 percent of the EU budget would be dedicated to climate action and implemented throughout all spending programmes. However, according to the draft regulation on the European Regional Development Fund and on the Cohesion Fund outlining future spending in more detail, Member States are obliged to spend only 20 percent in the ‘green and low-carbon transition’ objective, falling short of the overall climate action target envisaged in the communication. To reach the monetary equivalent of 2...

Full article: https://www.renewableenergymagazine.com/panorama/leaked-e...

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