EU

The next European budget (2014-2020) is being decided in troubled times but such difficult timing also constitutes an opportunity. If smartly used, the next budget can help Europe improve its economic stability and create more jobs while at the same time reducing its unsustainable ecological footprint. This study reveals that investing in green sectors brings about positive employment benefits.

The 2014-2020 Multiannual Financial Framework (EU budget) will be a decisive tool for Europe to demonstrate that it can achieve economic and social prosperity by committing to a decarbonised, resource and energy-efficient and socially just economy. This briefing recommends to further strengthen the European Commission's budget proposal by shifting allocations and spending priorities to sectors of the green economy, eventually helping to create more jobs and future proof green markets.

The Coalition for a sustainable EU Budget advocates that a number of amendments to the Commission legislative proposal concerning the next Cohesion Policy funds should be supported by the European Parliament and Council if the next EU regional funds are to play any significant role in the transition towards a low-carbon, sustainable European economy.

The complaint, filed with the European Investment Bank by Environmental Law Service (CZ) and Focus Association for Sustainable Development (SI), outlines controversies in relation to the Sostanj lignite thermal power plant with regards to the following aspects:

1. insubstantial allegation that the project is „carbon capture ready“ and that the assessment submitted by the operator fulfils the criteria set up by the relevant EU Directive,
2. failure to comply with the relevant EU directive for public procurements,
3. questionable economic viability of the project.