Climate mainstreaming of the EU budget was introduced in the Commission’s Multiannual Financial Framework (MFF) proposal for the period 2014-2020 which first put forward the idea that “the optimal achievement of objectives in some policy areas – including climate action, environment, consumer policy, health and fundamental rights – depends on the mainstreaming of priorities into a range of instruments in other policy areas” (COM(2011)500). The Commission advocated in particular that the EU budget could play an important role in catalysing the specific investments needed to meet the EU’s climate targets and to ensure climate resilience.
The policy fiche on climate action in the Annex to the 2011 MFF proposal included the idea that the proportion of EU budget spending contributing to the EU’s transition to a low carbon and climate resilient society should be increased to at least 20%, subject to impact assessment evidence.… Read the rest