Claeys, Grégory; Tagliapietra, Simone. "Is the EU Council Agreement Aligned with the Green Deal Ambitions?". Breugel. (1595462400)July 23, 2020. https://www.bruegel.org/...

The EU budgets for 2021-27 aim to boost recovery from the COVID-19 crisis and advance EU societal objectives, including the European Green Deal.  The €1.8 trillion package reflects a 30% climate target on all EU spending, the EU 2030 emissions reduction target, halving the Just Transition Fund (JTF).  It turns the European Investment Bank (EIB) into the EU's climate bank, focusing 40% of Common Agriculture Policy spending on climate, and new "own resources" (duties, levies, etc.) to pay back the €750 billion budgeted for the new Next Generation EU (NGEU).

Posted on 24/03/21

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