Research for REGI Committee-Climate Spending in EU Cohesion Policy: State of Play and Prospects
With more than EUR 55 billion in planned investments, Cohesion Policy seeks to make a significant contribution to the EU´s overall climate-related spending target of 20% in the 2014-2020 period. There are concrete achievements in a number of areas such as flood and forest fire protection. However, evidence also suggests that Cohesion Policy is at risk of missing some of its targets, including on energy efficiency, renewables and greenhouse gas emissions. Cohesion policy has also continued to provide support to fossil fuels and biomass, which may hinder the EU’s long-term path to climate neutrality. Moreover, the Commission’s current approach to tracking climate-related expenditure in Cohesion Policy has shortcomings. There is a need for a transparent and meaningful methodology, with a stronger focus on performance and results, as repeatedly highlighted by Parliament. The climate spending target is set to increase to at least 30% under the EU’s next Multi-Annual Financial Framework (MFF) and the Recovery Instrument (Next Generation EU). In the period 2021-2027, Cohesion Policy is expected to place even more emphasis on climate and environment-related issues in line with the objectives of the European Green Deal.
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