The European Parliament in Brussels voted on 10 October for an increase of climate action spending in the next EU budget, calling for a quantum leap in financial efforts in order to achieve the Paris Agreement goals.

In reaction to the new resolution of the European Parliament on the next multiannual financial framework, Markus Trilling, finance and subsidies policy coordinator at Climate Action Network (CAN) Europe noted that making the European economy climate neutral “will not fall from heavens. Members of the European Parliament rightly deem current EU budget proposals for climate action far from being satisfactory given the climate crisis we are facing. The next EU budget has a great potential to get us there, only if it finally pulls the plug on fossil fuel financing and dedicates 40% to climate action in the next decade.”

CAN Europe urged EU leaders gathering at a European Council next week to discuss the next EU budget to follow the European Parliament’s example.

“A European Green Deal requires a future EU budget that addresses the climate crisis much more profoundly than the current one does. There is no room for being frugal on climate action,” Trilling said. Ahead of next week’s EU Summit, Members of the European Parliament called on 9 October for urgent action to safeguard EU programme funding, to tackle climate change.

MEPs called for a solution on the next long-term EU investment budget and warned against disrupting EU-funded programmes, in the debate on the upcoming October Summit with the Finnish Council Presidency’s Tytti Tuppurainen, Commission President Jean-Claude Juncker.

They also called for timely solutions on climate change to meet the Paris Agreement goals.