Request Free Trial

Regulatory Briefing: EU overstated climate spending by €72bn, says ECA

The EU missed its self-imposed target of spending at least 20 per cent of its 2014–2020 budget on “climate action”, according to the European Court of Auditors.

A special report issued on 30 May by the ECA, which audits EU finances, suggests that despite the EU claiming it had met its 20 per cent target and had spent €216bn on climate initiatives, it had in fact “overstated” its spending for this purpose by at least €72bn.

To continue reading

Request Free Trial
  • Unlimited access to all content
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines
Already a subscriber?Log in
A service from the Financial Times