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No fossil fuels in the next EU budget!

 

The EU Toxic Funding Awards are here to show you what politicians are doing with your taxes. Are they still helping the fossil fuel industry to wreck the climate? Or are they investing in clean renewables and energy efficiency to build a safer fossil free society for us all?

According to the European Commission, the next EU budget will be a budget for the future that delivers on issues that matter for Europeans. But wait, shouldn’t that mean a budget that finances the solutions, not the causes of climate change? Yet current legislative proposals would permit and even encourage funding for fossil fuels, in particular gas, over most of the next decade.

It’s time to have your say! We have shortlisted four of the worst examples of toxic funding that are proposed to be part of the next EU budget. Cast your vote for the worst and show EU leaders you want an end to toxic funding and a fossil free EU budget!

Climate change, the role of financing

 

Many in the EU consider gas to be one of the ‘solutions’ to the climate crisis and plan huge investments in gas infrastructure. But we disagree. Fossil gas is a false solution to dangerous climate change: fossil gas is a fuel with substantial CO2 and methane emissions, contributing to the climate problem and its catastrophic impacts.

In 2014-16 the EU provided up to €4bn in support to fossil fuels, most of which went to gas infrastructure. And the subsidies might keep coming.

The EU has committed multiple times to the phase out of fossil fuel subsidies.

Will the EU budget follow suit?

The European Commission has proposed to continue to subsidise more fossil fuels well into the next decade through the next long-term EU budget (Multiannual Financial Framework 2021-2027). And attempts by the European Commission to exclude fossil fuels from some EU funds are challenged by some Member States and by some EU Parliamentarians.

The plans and legislations are not final yet since the budget files are still under negotiations: now it’s time for the European Parliament and the EU governments to make the next EU budget fully climate-friendly and 100% free from fossil fuels!

 

 

 
 

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Credits and acknowledgements

Graphic design: Howard Wasserman, www.howardwasserman.com

Web design: Dan Cruson, CrusonWeb www.crusonweb.com

Financial support: This project has been realized by the helpful support of the European Commission LIFE program

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