Spending 60% of the EU’s key infrastructure fund on contributing to climate objectives – as proposed by the European Commission today – will ensure smarter and cleaner spending, green NGO Transport & Environment (T&E) has said. The Connecting Europe Facility would have €42.3 billion to co-finance investments including €30 billion for transport, as part of the draft 2021-2027 EU budget just published.
A group of leading utilities, investors and NGOs have called on President Juncker to invest more money in zero-emission mobility and power generation when allocating the EU budget after 2020. Aviva Investors, 2 Degrees Investing, Eurelectric, Ocean Energy Europe, Mirova Investing, E3G, Greenway, Climate Bonds Initiative, Fastned and T&E demand future EU investment be focused on decarbonising the transport sector.
A group of leading utilities, investors and NGOs have called on President Juncker to invest more money in zero-emission mobility and power generation when allocating the EU budget after 2020. Aviva Investors, 2 Degrees Investing, Eurelectric, Ocean Energy Europe, Mirova Investing, among others, demand future EU investment be focused on decarbonising the transport sector.
The EU’s Multiannual Financial Framework (MFF) determines how EU money is spent. The current €1 trillion budget runs from 2014 to 2020 with almost €100 billion earmarked for investment in the transport sector. The current MFF Regulation states that “the Commission should present a proposal for a new multiannual financial framework before 1 January 2018”. This budget would most likely start from 2021.
Transport is the largest source of EU emissions and accounts for around a quarter of EU GHG emissions. Meanwhile air pollution from road transport contributes to over 400.000 premature deaths per year, 26.000 people die in traffic annually and the EU economy loses €100 billion every year in congestion. A large portion of the EU’s budget is currently spent on expanding road infrastructure and building up fossil fuel infrastructure (e.g. LNG terminals). A future EU budget should invest tax payers money more carefully, and prioritize investment in infrastructure that reduces the environmental impact of transport and assists member states in reaching their climate goals. In this paper T&E outlines how part of the post-2020 budget should be allocated.
Briefing on how Europe should provide incentives for greener transport projects in its transport spending plans.
On 29 June 2011, the Commission proposed a new seven-year EU budget (Multiannual Financial Framework, MFF) that covers EU public expenditure between 2014 and 2020. This paper summarises the transport-relevant parts of the MFF and attempts to check whether it can help ‘decarbonise’ the transport sector.
A leading MEP has asked the Commission to stop Poland spending €1.2 billion of cohesion fund money on roads which has been given for improving rail transport.
Transport & Environment responds to the public consultation on the Project Bonds initiative.
A win/win situation in which spending by the European Union achieves better value for money at the same time as promoting more environmentally sensitive solutions has been put forward by seven NGOs, including T&E.