Do EU Funds Contribute to Climate Change Abatement in New Member States?
Publisher: CEE Bankwatch Network
Volume: 14 pages, pdf
Description:
During 2007-2013, the European Union (EU) is set to distribute 347 billion EUR2 for projects financed through its Structural Funds and the Cohesion Fund (SF/CF), which constitutes more than a third of its overall budget for the seven years period. Over half of this amount – 177 billion EUR – will go to the ten Central and Eastern European member states (CEE-10), including the latest newcomers Bulgaria and Romania. The EU funds are the main instruments for delivering the Cohesion policy of the EU which aims to close the gap between the richer old member states and the poorer newcomers from behind the former Iron Curtain. As EU funds transfer significant amount of money for development, it is important that this development is on a sustainable path and contributes to achieving the climate and environmental protection objectives of the EU.