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23FEB
2017
Report: European Court of Auditors: Spending at least one euro in every five from the EU budget on climate action: ambitious work underway, but at serious risk of falling short
Category: Government & Policy, Latest News

The European Union (EU) is likely to miss its climate change spending target by at least €11 billion, according to a highly critical report from the European Court of Auditors (ECA). The report assesses projected spending targets across EU budget areas. The report shows that the European Commission (EC) is highly unlikely to meet its stated goal of spending 20 % of the EU budget for 2014-2020 on climate related action.

The 20% target forms part of the EU’s leadership in climate action, which the EC regards as indispensable for the 2015 International Climate Change Agreement to succeed. Such a large hole in climate expenditure, is concerning, at a time when EU action on climate change is supposed to be accelerating. “There is a serious risk that the EU target will not be met,” said Phil Wynn Owen, the auditor responsible for the ECA report.

The auditors’ recommendations to the Commission include the need for a robust, multi-annual, consolidation exercise to progress towards the 20 % target, the need for comprehensive reporting and monitoring of results, and for there to be a realistic and robust assessment of climate change needs.

They also recommend that overestimates in rural development spending be corrected, and that action plans be drawn up for areas that have fallen behind. Finally, they recommend that all potential opportunities to ensure a further, real shift towards climate action should be explored.

 

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