The CAP has to respond to new challenges, and thus it needs more funding. At the very least, and more realistically, the current budget must be preserved. That is a common line of reasoning. It is also a surprisingly simple rule-of-thumb considering the eye-watering annual budget of EUR 55 billion.
The EP own-initiative report on the post-2013 CAP is taking shape as a new draft has become available (dated 24.3.2010). Though it is better packaged, and sexed-up with a ‘green growth’ tag, the content is just as dull and conservative as the earlier draft. The report captures the intellectual deficiency of the CAP-insider bubble.
The draft report suggests 5 ‘key building blocks’: area-based direct income support, climate change mitigation payments, payments to areas with natural handicaps, payments for biodiversity and environmental protection, and green growth subsidies with a focus on renewable energy. The first two payments are to be fully financed by the EU, and the other three co-financed by the member states.