3701. Paris-proofing the next Multiannual Financial Framework
- Author:
- Marco Guili
- Publication Date:
- 06-2019
- Content Type:
- Working Paper
- Institution:
- European Policy Centre
- Abstract:
- A carbon-neutral future, as envisioned by the European Commission in its recent communication A Clean Planet for All, will require unprecedented changes to the EU’s economy and society. The Multiannual Financial Framework for the 2021-2027 cycle, which is currently under negotiation, has an important role to play: overall, the EU budget supports regional development and research in areas that are critical to achieving climate goals, including transport, energy and agriculture. In this Discussion Paper, Marco Giuli draws lessons from the current EU budget cycle and investigates how it has hampered, and even undermined climate efforts, including continued support for practices that contribute to global warming. He also takes a closer look at the European Commission’s 2018 MFF proposal and concludes that, although several innovations concerning climate spending were introduced, there’s still a considerable risk that the new MFF will turn into a missed opportunity.
- Topic:
- International Affairs
- Political Geography:
- Global Focus