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World Bank, MEPs call for climate-oriented EU budget

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Monday, 28 January 2013

World Bank, MEPs call for climate-oriented EU budget

Governments must rally to make sure the EU's next long-term budget is geared towards curbing climate change, said an envoy from the World Bank and European lawmakers.
The World Bank envoy laid out a series of large-scale policy measures governments needed to implement to curb global warming, including ramping up the move away from dependence on fossil fuels, low-carbon systems in cities, and a “truly robust” carbon market.
The talk came hours after lawmakers voted down a proposal to support the EU’s carbon market, which dropped to a record low, prompting warnings that governments need to do more to lower CO2 emissions.
The group said governments’ pursuit of further climate-oriented measures could suffer as ministers called for cuts to the multi-annual financial framework, the EU’s long-term budget. The European Commission has proposed that 20% of the MFF be spent on climate-relevant policy measures.
In line with the wishes of member states, in his latest EU budget proposal Council President Herman Van Rompuy has cut by 10% the budget for Official Development Assistance, much of which is geared towards combating global emissions. “The budget should not come at the cost of the neediest in our world”, commented British Labour MEP Michael Cashman.
The next European summit on the EU's long-term budget (2014-2020) will take place from 7 to 8 of January 2013 in Brussels.

Source: Euractiv