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EU's climate action spending target at risk: ECA

Xinhua, November 22, 2016 Adjust font size:

The European Court of Auditors warned on Tuesday that there is a serious risk that the European Union's (EU) target of spending at least one euro in every five of the EU budget on climate action between 2014 and 2020 will not be met.

In order to respond to climate change, the EU agreed that at least 20 percent of its budget for 2014 to 2020 should be spent on climate action.

The auditors examined whether the target was likely to be met and whether the European Commission's approach was likely to lead to more and better-focused funding on climate action.

They found that while progress has been made, there remains a serious risk that the 20 percent target will not be met without more effort.

According to the Commission, the share of funding dedicated to climate action has averaged 17.6 percent between 2014 and 2016.

To reach the overall EU budget target by the end of 2020, the auditors estimate that the rate of climate funding would need to be increased to an average of 22 percent for the 2017-2020 period. Endit