FussilFuelSubsidies

CAN Europe Publications on:

Shifting Financial Flows

  • Ministers debate increase of EU budget for climate action

    19.03.2019 | Press Releases

    Today EU ministers exchanged views on the climate aspects of the next EU budget after 2020 at a General Affairs Council. Most Member States agreed to the proposal of the European Commission that 25% of it will have to serve climate action. Few progressive voices call for a more ambitious spending target as well as for excluding any funding to go to supporting fossil fuels.

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  • MEPs boost climate action support to developing countries

    04.03.2019 | Press Releases

    Today members of the European Parliament’s Foreign Affairs and Development Committees brought the EU’s future external investments in closer alignment with Paris Agreement goals. They improved on the European Commission’s proposal by agreeing to increase the climate and environment spending target and to exclude fossil fuels from EU funding going to developing countries.

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  • Time for EU bank to comply with EU’s climate objectives

    25.02.2019 | Op-eds

    As the European Investment Bank (EIB) holds a meeting in Brussels today (25 February) to consult the public on its new energy policy, Wendel Trio reflects on the role the EU’s bank should have in tackling the climate crisis.

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  • EU Parliament shirks responsibility for climate action in future funding of Europe’s most needy regions

    14.02.2019 | Press Releases

    A vote today by the Parliament on the future European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027 opens the possibilities for continued funding of fossil fuels, in spite of the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.

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  • European Parliament greenlights clean cohesion policy

    13.02.2019 | Press Releases

    Today the members of the European Parliament adopted the Common Provisions Regulation, which sets the principles and common rules on how Cohesion Policy funding should be spent from 2021 to 2027. Civil society groups CEE Bankwatch Network and Climate Action Network (CAN) Europe welcome the agreed climate-friendly provisions, including the exclusion of fossil fuel investments, but they must be reflected in tomorrow’s vote on the Regional Development Fund in order to become

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  • Future EU funds for the regions set to become climate-proof

    22.01.2019 | Press Releases

    Today the European Parliament's Committee on Regional Development (REGI) adopted the so-called Common Provisions Regulation, which sets the conditions and principles governing the funding for Cohesion Policy from 2021 to 2027. NGO groups CEE Bankwatch Network and Climate Action Network (CAN) Europe welcome the regulation, which exceeds the European Commission’s proposal by introducing new and additional safeguards against climate change.

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  • Future EU investment package falls short of climate ambition

    16.01.2019 | Press Releases

    Today the European Parliament took a disappointing stance on climate when voting to approve the establishment of InvestEU, the EU’s financing tool to attract private investments – say NGO groups CEE Bankwatch Network, Climate Action Network (CAN) Europe, WWF European Policy Office, and Counter Balance. The approved investment package keeps the door open to further public investments in fossil fuels, which is incompatible with the requirements of the Paris Agreement.

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  • Letter to REGI Committee on sustainable cohesion policy funding

    15.01.2019 | Letters to Policy Makers

    On 22 January 2019 and in February the REGI Committee will vote on the Common Provisions Regulation (CPR) and on the European Regional Development Fund / Cohesion Fund Regulation (ERDF/CF) respectively. These two pieces of legislation will determine the shape and direction of Cohesion Policy post-2020.

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  • EU puts an end date to capacity payments for coal, opening a door for a European-wide phase out of coal

    19.12.2018 | Press Releases

    Today the European Parliament, Commission and Council have taken a step in the right direction by agreeing to end coal subsidies by 2025, paving the way for a European-wide coal phase out. However the biggest polluters still got to buy some time despite the urgency of climate change. With only twelve years left to act to keep temperature rise below 1.5°C and thus avoid catastrophic impacts of climate change as highlighted in the latest IPCC report, every cent spent on coal will be

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  • Council urgently needs to agree on a climate-friendly EU budget

    13.12.2018 | Press Releases

    Today EU heads of state and government meeting at a European Council had a discussion on the timing, but less on the content of the next long-term EU budget.
    In the context of COP24 in Katowice, all Member States must rapidly step up and agree on a budget that is fully in line with the Paris Agreement, with increased spending on climate action, efficient mechanisms to climate-proof expenditures across all funding programmes, and excluding support for fossil fuels.

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  • What a difference a week might make for Europe’s climate ambition

    29.11.2018 | Op-eds

    Progress in the Long Term Strategy for 2050 and at the climate conference in Katowice will be for nothing if European ministers allow disputes over the size of the next EU budget to roadblock important moves towards funding a zero-emissions energy transformation, write Raphael Hanoteaux and Markus Trilling.

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  • Incompatible with Paris Agreement: Vote on Connecting Europe Facility leaves door open to gas subsidies

    22.11.2018 | Press Releases

    The transport and industry committees of the European Parliament voted today on the future Connecting Europe Facility after 2020. While this EU fund should enable infrastructure that connects Europe’s citizens with clean energy and sustainable transport, MEPs turned a blind eye on the need to exclude fossil fuel subsidies from the fund.

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  • Awards rally cry for climate-friendly EU budget

    20.11.2018 | Press Releases

    Shifting financial flows is crucial to global efforts to combat climate change. The European Commission claims that its proposals for the post-2020 EU budget are in line with the Paris Agreement. However, support for fossil fuels remains in the pipeline of future budget negotiations, as revealed today in the ‘EU Toxic Funding Awards’.

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  • First auction of Polish capacity mechanisms sinks billions of euros into subsidising the country’s addiction to coal

    20.11.2018 | Press Releases

    The Polish electricity grid operator has just published the official preliminary results of the first capacity market auction in Poland to award contracts to power plants from 2021 onwards. Capacity mechanisms, which are

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  • Court’s decision makes a case for excluding dirty energy from capacity mechanisms subsidies

    15.11.2018 | Press Releases

    The General Court of the European Union has decided today to annul the European Commission’s decision not to raise objections to the aid scheme establishing a ‘capacity market’ in the United Kingdom. The ruling puts into question many capacity mechanisms in place across Europe, including the Polish capacity market which is based on the UK model.

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  • Bigger EU budget must entail bolder action on climate change

    14.11.2018 | Press Releases

    The European Parliament has called today in its plenary session for a larger long-term EU budget than that proposed by the European Commission. They also ask for the share of the EU’s budget dedicated to climate action to increase from 25% to 30%.

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  • Electricity market must serve higher climate ambition

    12.11.2018 | Op-eds

    As negotiations on the EU’s new electricity market enter their crucial trialogue phase, the bloc faces a litmus test for the credibility of its climate ambition. With only two trialogues left, the fate of coal subsidies is still not sealed while COP24 is approaching, writes Joanna Flisowska.

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  • Awards to name and shame the planned support to fossil fuels in the next EU budget

    05.11.2018 | Press Releases

    The European Commission claims that the next EU budget should tackle common challenges, including climate change. But unless the EU climate-proofs the entire EU budget, it will continue to prop up fossil gas and contribute to global warming. The ‘EU Toxic Funding Awards’, launched today, unveil the worst EU funding proposals currently in the pipeline of the future budget negotiations.

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  • 1.5°C requires an EU budget that enables the zero emission transition

    10.10.2018 | Press Releases

    Ahead of the General Affairs Council meeting on 16 October, business associations, think tanks and civil society urge EU ministers to align the next future EU budget with the Paris Agreement and the UN development goals.

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  • Open letter to ministers on the Multi-Annual Financial Framework

    10.10.2018 | Letters to Policy Makers

    This open letter, signed by 101 organisations and sent today to EU ministers of European and Foreign Affairs ahead of the General Affairs Council meeting of 16 October, demands a dramatic improvement of climate action spending in the future EU budget.

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 Contact

 

Markus Trilling
Finance and Subsidies
Policy Coordinator
markus/at/caneurope.org
+32 2 894 4688

Nicolas

Nicolas Derobert
Communications Coordinator
Nicolas/at/caneurope.org
+32 2 894 4673

RACHEL2

Rachel Simon
Network Outreach Officer
rachel/at/caneurope.org

  • Ministers debate increase of EU budget for climate action

    Today EU ministers exchanged views on the climate aspects of the next EU budget after 2020 at a General Affairs Council. Most Member States agreed to the proposal of the European Commission that 25% of it will have to serve climate action. Few progressive voices call for a more ambitious spending target as well as for excluding any funding to go to supporting fossil fuels.
  • MEPs boost climate action support to developing countries

    Today members of the European Parliament’s Foreign Affairs and Development Committees brought the EU’s future external investments in closer alignment with Paris Agreement goals. They improved on the European Commission’s proposal by agreeing to increase the climate and environment spending target and to exclude fossil fuels from EU funding going to developing countries.
  • Time for EU bank to comply with EU’s climate objectives

    As the European Investment Bank (EIB) holds a meeting in Brussels today (25 February) to consult the public on its new energy policy, Wendel Trio reflects on the role the EU’s bank should have in tackling the climate crisis.
  • EU Parliament shirks responsibility for climate action in future funding of Europe’s most needy regions

    A vote today by the Parliament on the future European Regional Development Fund (ERDF) and Cohesion Funds for 2021-2027 opens the possibilities for continued funding of fossil fuels, in spite of the EU’s obligations to reduce greenhouse gases under the Paris Agreement and its net-zero emissions Long Term Strategy.
See All: Shifting Financial Flows