Climate mainstreaming will ensure the bulk of resources for the policy area. In this respect, the final agreement on 2021 2027 EU finances went beyond the Commission proposal (25 %), raising the overall objective from 20 % in the previous programming period to at least 30 %. In addition, the target applies to both the traditional MFF and the temporary recovery instrument, NGEU. Figure 1 shows that the contribution of the EU budget and its spending instruments, including the top-ups secured by Parliament in the negotiations with the Council, is projected to increase dramatically as compared to 2014 to 2020. In absolute figures, the contribution from climate mainstreaming could raise from €208.8 billion to some €550 billion (both in 2018 prices), if Member States decide to use the loan component of NGEU in full. The data show that the temporary recovery instrument is expected to play a major role in the boosting of climate-relevant expenditure.
Climate mainstreaming: Estimated contributions from 2021 2027 MFF and NGEU, contribution from 2014 2020 MFF (€ billion, rounded, 2018 prices)
We write about
Disclaimer and Copyright statement
The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2021. All rights reserved.