Climate mainstreaming

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.