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Cumulative climate change finance in the EU budget since 2014

Cumulative climate change finance in the EU budget since 2014 (€ billion, share of total resources, 2014-2020)

Cumulative climate change finance in the EU budget since 2014 (€ billion, share of total resources, 2014-2020)

The fact that the EU budget tends to grow in size during a programming period has contributed to progressively reducing the initial gap between the 20 % objective and relevant budget appropriations, especially significant in 2014. Examining the figures in terms of cumulative expenditure since 2014 (Figure 4), the share of resources devoted to climate has constantly increased, exceeding the 18 % threshold in 2016, and 19 % in 2018, which should enable the EU budget to close the funding gap almost completely by the end of the current MFF.

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