European Union spending on climate action risks being overestimated in the absence of a sound and consistent methodology for tracking funds across policy areas, warns a new report published on Thursday 2 July by the European Court of Auditors.
Rather than creating a financing instrument dedicated to the fight against climate change, the European Commission has chosen to devote a certain percentage of the EU budget to this objective, i.e. at least 25% for the period 2021-2027.
The auditors...