EU Multiannual Financial Framework Should Be 'Climate Proof' - Greenpeace Head
Faizan Hashmi Published December 13, 2018 | 06:03 PM
European Union leaders should make sure during the ongoing EU summit that the final version of the Multiannual Financial Framework (MFF) is mindful of securing steps to tackle climate change, Jennifer Morgan, executive director of Greenpeace, told Sputnik.
The 24th Conference of the Parties to the UN Framework Convention on Climate Change (COP24) is taking place on December 2-14 in the Polish city of Katowice. The main goal of the conference participants is to discuss ways of implementing the 2015 Paris Agreement.
"[The European Union's] entire budget should be climate proof. It shouldn't be making any investments in fossil fuel infrastructure that increase emissions, they need to be looking at making sure that the impacts of climate change are factored in when they're looking at agriculture.
We've seen large losses in agriculture this summer due to climate change impacts in places like Poland and Germany. There is the question as well, of course, making sure that funding goes into a just transition for communities that need to phase out coal over time ... Climate needs to be much more integrated into how countries do budgets," Morgan said on the sidelines of COP24 on Wednesday.
In early May, the European Commission made proposals on MFF that should establish a basis for one-year budgets of the bloc. The Commission suggested to enlarge the resources of the bloc, particularly by sending up to 20 percent of revenues from the Emissions Trading System, up to 3 percent received from a new corporate taxation base and several eurocents for each kilogram of plastic waste to the EU budget.
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