Climate Gets 20 Percent of Seven-Year European Budget

More from the "Galacticly Stupid"!  RK

Posted February 8, 2013

 February 8, 2013 (ENS) – European heads of state and government have agreed to commit at least 20 percent of the entire European Union budget over the next seven years to climate-related spending. All-night negotiations in Brussels produced agreement among EU leaders on budget proposals for the rest of the decade, from 2014-2020.

“Climate action objectives will represent at least 20% of EU spending in the period 2014-2020 and therefore be reflected in the appropriate instruments to ensure that they contribute to strengthen energy security, building a low-carbon, resource efficient and climate resilient economy that will enhance Europe’s competitiveness and create more and greener jobs,” the final agreement states.

Leaders backed the first budget cuts in EU history, spearheaded by the UK Prime Minister David Cameron and German Chancellor Angela Merkel. Cameron’s plan to hold a referendum on Britain’s EU membership strengthened the country’s negotiating stance.

The seven-year budget was agreed at 960 billion euros ($1.28 trillion). By comparison, the budget for the years 2007-2013 was 975.777 billion euros.  To Read More…..