EU cash in climate clash
Publisher: CEE Bankwatch Network
Date: April, 2007
Volume: 35 pages, pdf
Description
Between 2007 and 2013, the European Union will invest 177 billion euros in the ten central and eastern European member states (CEE-10) via the Structural Funds and the Cohesion Fund. In the same period when these investments will take place, Europe will have to accomplish serious cuts in its greenhouse gas emissions in order to achieve the recently agreed targets of 20-30% reduction by 2020 and 60-80% by 2050. Worryingly, the four countries that have so far received by far the most EU funds per capita – Spain, Portugal, Greece, and Ireland – have also witnessed by far the greatest increases in greenhouse gas emissions in the EU, mainly due to increased demand for energy and transport growth.