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The S&D s take on the new Cohesion Policy | Socialists & Democrats
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EU Parliament approves €17 5 billon transition fund for greener economy
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“The figures speak for themselves: the increase in spending testifies to the EU’s solidarity, as our unprecedented response to the coronavirus crisis helps millions of Europeans and businesses get back on their feet and participate in the economic and social recovery,” Ferreira added in a statement.
However, when compared with the previous seven-year period, spending of structural funds by member states has slowed down considerably.
In 2013, the last year of the previous cycle that started in 2007, Brussels had already paid member states 64% of the total budget available.
Moreover, the difference in the speed of spending between the 2014-2020 cycle and the previous one has been increasing. In the 6th year of the 2014-2020, member states spent 6% less money than in the same period last cycle. By the 7th year, the speed of spending was down by 8%.
With loosened cohesion rules, EU money channelled away from climate action
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EU agreement: No place for fossil fuels in the Just Transition Fund
An opinion on the Just Transition Fund by Greens/EFA MEPs Niklas Nienass (shadow rapporteur), Henrike Hahn (rapporteur for ECON opinion) and Mounir Satouri (rapporteur for EMPL opinion).
Artwork painting of colourful hands on a wall/ CC0 Tim Mossholder
In the final trilogue negotiations on the Just Transition Fund, on Wednesday 9 December, co-legislators agreed to remove funding for natural gas projects from the final text entirely. This is a Greens/EFA success.
The Greens/EFA group is the only group in the EU Parliament that has consistently advocated for this, both in the negotiations within the European Parliament and in the subsequent negotiations with the EU Commission and Council.