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May 14, 2024

WWF accuses EU member states of subsidising nature loss

The WWF says the EU is massively financing projects and policies that lead to the loss of flora and fauna © Patricia de Melo Moreira/AFP via Getty Images
The WWF says the EU is massively financing projects and policies that lead to the loss of flora and fauna © Patricia de Melo Moreira/AFP via Getty Images

Countries are spending €34bn-€48bn of European subsidies on activities that harm biodiversity, says non-profit

Despite having been one of the key architects of the Global Biodiversity Framework, which sets 2030 and 2050 biodiversity goals, the EU is massively financing projects and policies that harm nature, says a report from the WWF.

The non-profit concludes that the 27 EU member states channel between €34bn and €48bn of European subsidies every year into activities that lead to the loss of flora and fauna. The majority of the funding is allocated to agriculture through the Common Agricultural Policy, says the report.

Other sectors accused of receiving nature-harming funding include fisheries, water and transport infrastructure.

“Every year, more than €30bn from the CAP funds activities that harm nature and fail to support farmers,” said Tycho Vandermaesen, policy and strategy director at the WWF’s European Policy Office, in a statement. “This impressive number roughly amounts to the whole annual spending of national governments such as Croatia and Luxembourg.”

He urged EU governments to “urgently realign public expenditure with environmental and social imperatives”.

Environmental campaigners have responded with frustration and anger to the failure of the EU institutions to sign off the EU Nature Restoration Law ahead of the European parliament elections in June and to weaken measures under the CAP aimed at better protecting nature.

You can read the full report here.

A service from the Financial Times