The proposal for the multiannual financial framework 2021-2027 presented by the European Commission on Wednesday 2 May provides an allocation of 25% of spending from the whole future budget for climate action, to tackle one of the EU27’s top priorities (see EUROPE 12013).
This is a 5% rise in the level of current spending for this across-the-board priority, i.e. €320 billion for the whole period (at 2018 prices). NGOs of the CAN (Climate Action Network) Europe and The European Alliance...