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Just Transition Fund

EU Fact Sheets 21-10-2020

The Just Transition Fund is a new financial instrument within the Cohesion Policy which aims to provide support to territories facing serious socio-economic challenges arising from the transition towards climate neutrality. The Just Transition Fund will facilitate the implementation of the European Green Deal, which aims to make the EU climate-neutral by 2050.

REACT-EU is a programme to repair the social and economic damage caused by the COVID-19 pandemic, and to prepare for a green, digital and resilient recovery. REACT-EU seeks to mobilise an additional EUR 47.5 billion from the structural funds for the years 2021 and 2022, and to increase flexibility in cohesion policy spending.

The Union’s expenditure

EU Fact Sheets 01-05-2018

Budget expenditure is approved jointly by the Council and Parliament. The annual EU budget must respect the expenditure ceilings agreed under the multiannual financial framework (MFF) for different headings, i.e. categories of expenditure, such as those on the single market, cohesion and natural resources. Flexibility instruments ensure that the EU can react in the event of unexpected needs. The use of budgetary guarantees and financial instruments creates a leverage effect as regards EU spending ...

Budgetary control

EU Fact Sheets 01-05-2018

Scrutiny of the EU budget is carried out in each EU institution and by the Member States. Detailed checks are performed, at various levels, by the European Court of Auditors and by the European Parliament. Each year Parliament scrutinises the implementation of the budget with a view to granting discharge to the Commission, the other EU institutions and the EU agencies.

The World Trade Organization (WTO) works to guarantee a rules-based international trading system. Despite the impasse in trade negotiations, ways to modernise WTO rules and address new global challenges are being explored. Under the Lisbon Treaty, Parliament legislates jointly with the Council and has an important scrutiny role on international trade policy.

Human rights

EU Fact Sheets 01-05-2018

The European Union is committed to supporting democracy and human rights in its external relations, in accordance with its founding principles of liberty, democracy and respect for human rights, fundamental freedoms and the rule of law. The EU seeks to mainstream human rights concerns into all its policies and programmes, and has different human rights policy instruments for specific actions — including financing specific projects through its financing instruments.

Supporting democracy worldwide is a priority for the European Union. Democracy remains the only system of governance in which people can fully realise their human rights, and is a determining factor for development and long-term stability. As the only directly elected EU institution, the European Parliament is particularly committed to promoting democracy.

The European Economic Area (EEA) was set up in 1994 to extend the EU’s provisions on its internal market to the European Free Trade Area (EFTA) countries. Norway, Iceland and Liechtenstein are parties to the EEA. Switzerland is a member of EFTA but does not take part in the EEA. The EU and EEA EFTA partners (Norway and Iceland) are also linked by various ‘northern policies’ and forums which focus on the rapidly evolving northern reaches of Europe and the Arctic region as a whole.

The budgetary procedure

EU Fact Sheets 01-05-2018

Since the 1970 and 1975 Treaties, Parliament’s role in the budgetary process has gradually been enhanced. The Lisbon Treaty gave Parliament an equal say with the Council over the entire EU budget.

Health and safety at work

EU Fact Sheets 01-05-2018

Improving health and safety at work has been an important issue for the EU since the 1980s. The introduction of legislation at European level set minimum standards for the protection of workers, while allowing Member States to maintain or introduce more stringent measures. When the Lisbon Treaty entered into force, the Charter of Fundamental Rights of the European Union became legally binding, making health and safety policy an even more important area of EU legislation.