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.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
2 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
2 hours ago -
BISP embraces E-procurement: launches inaugural tender
4 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
4 hours ago -
China auto sector steps up Europe push with Spain plant
4 hours ago -
Condolence reference held in memory of FBR's officials
5 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
6 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
6 hours ago -
PSX turns bullish, gains 619 points
6 hours ago -
Rupee bounces back; gains 13 paisa against dollar
6 hours ago -
Partners join hands for alternate use of marble, granite slury
6 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
8 hours ago