Supporting climate action through the EU budget
European Union funding contributes to the goal of creating smart, sustainable and inclusive growth. The EU budget plays an important role in promoting climate action in all sectors of the European economy and catalysing the specific investments needed to reduce greenhouse gas emissions and strengthen resilience to climate change.
At least one-fifth of 2014-2020 spending to be climate-related
The EU has agreed that at least 20% of its €960 billion budget for the 2014-2020 period should be spent on climate change-related action. This represents around a threefold increase from the 6-8% share in 2007-2013.
The EU is thought to be the first region in the world to 'mainstream' climate action into its whole budget.
Climate integrated into all major EU spending areas
To achieve this increase, emissions mitigation and climate adaptation actions will be integrated into all the major EU spending programmes, in particular regional development, energy, transport, research and innovation and the Common Agricultural Policy (CAP).
For further details, see An EU budget for low-carbon growth
Tracking progress towards the spending target
From 2014 onwards, climate-related expenditure from the EU budget will be tracked in accordance with a specific methodology to ensure visible and solid mainstreaming and progress towards reaching the 20% objective.
Climate-related spending will be monitored annually by measuring the performance of the EU programmes in the framework of the budgetary procedures.