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The European Parliament’s carbon footprint: Towards carbon neutrality

14-09-2020

The study analyses the European Parliament’s (EP) carbon footprint in the context of the recent EP resolutions, in which it declared a climate emergency in Europe and requested the development of a strategy to become itself carbon-neutral by 2030. The analysis takes into account the various sources contributing to the EP’s greenhouse gas (GHG) emissions, including those related to its function in three different sites and the traveling of its Members and staff. This document was prepared by the Policy ...

The study analyses the European Parliament’s (EP) carbon footprint in the context of the recent EP resolutions, in which it declared a climate emergency in Europe and requested the development of a strategy to become itself carbon-neutral by 2030. The analysis takes into account the various sources contributing to the EP’s greenhouse gas (GHG) emissions, including those related to its function in three different sites and the traveling of its Members and staff. This document was prepared by the Policy Department for Economic, Scientific and Quality of Life Policies, and the Eco-Management and Audit Scheme (EMAS) Unit at the request of the committee on Environment, Public Health and Food Safety (ENVI).

Amending Budget No 8/2020: Covering the financing needs of the Emergency Support Instrument and Coronavirus Response Investment Initiative Plus

11-09-2020

Draft Amending Budget No 8/2020 (DAB 8/2020) aims to provide additional payments of €6.2 billion in 2020. Of this amount, €1.1 billion is needed for the financing of actions contributing to the deployment of an effective and safe vaccine against Covid-19, assumed under the Emergency Support Instrument (ESI). Cohesion funds will be reinforced with €5.1 billion to ensure that a sufficient amount of payments is available to cover the Member States’ reimbursement requests for actions taken under the ...

Draft Amending Budget No 8/2020 (DAB 8/2020) aims to provide additional payments of €6.2 billion in 2020. Of this amount, €1.1 billion is needed for the financing of actions contributing to the deployment of an effective and safe vaccine against Covid-19, assumed under the Emergency Support Instrument (ESI). Cohesion funds will be reinforced with €5.1 billion to ensure that a sufficient amount of payments is available to cover the Member States’ reimbursement requests for actions taken under the Coronavirus Response Investment Initiative Plus (CRII+). The European Parliament is expected to vote, under the urgent procedure, on the Council position on DAB 8/2020 during the September plenary session.

Policy Departments' Monthly Highlights - September 2020

11-09-2020

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Opinion on the EU own resources system

10-09-2020

Following the European Council’s July political agreement on the EU’s financing system, the European Parliament is expected to vote its legislative opinion on the reform during its September plenary part-session, with a view to expediting the launch of the borrowing operations of Next Generation EU. The report adopted on 1 September by the Committee on Budgets stresses that new own resources must be introduced, and finance at least the entire repayment costs of the recovery instrument. Parliament ...

Following the European Council’s July political agreement on the EU’s financing system, the European Parliament is expected to vote its legislative opinion on the reform during its September plenary part-session, with a view to expediting the launch of the borrowing operations of Next Generation EU. The report adopted on 1 September by the Committee on Budgets stresses that new own resources must be introduced, and finance at least the entire repayment costs of the recovery instrument. Parliament intends to negotiate a legally binding calendar to this end.

EU budget and recovery fund: Is it a done deal? [What Think Tanks are thinking]

29-07-2020

After nearly five days of tough negotiations, the European Council agreed on the EU’s next seven-year budget, the Multiannual Financial Framework (MFF), worth more than one trillion euros from 2021 to 2027, and crucially, on an additional 750-billion euro fund to help countries recover from the economic downturn caused by the coronavirus pandemic. Many politicians and analysts have hailed the agreement on the recovery fund in particular as an ‘historic moment’. For the first time, some EU debt will ...

After nearly five days of tough negotiations, the European Council agreed on the EU’s next seven-year budget, the Multiannual Financial Framework (MFF), worth more than one trillion euros from 2021 to 2027, and crucially, on an additional 750-billion euro fund to help countries recover from the economic downturn caused by the coronavirus pandemic. Many politicians and analysts have hailed the agreement on the recovery fund in particular as an ‘historic moment’. For the first time, some EU debt will be mutualised and the EU will tap financial markets on a significant scale to secure funds, which will be disbursed in the form of grants and loans. The European Parliament - which must approve these spending plans - welcomed the fund but criticised the lack of parliamentary scrutiny in its implementation as well as some of the cuts leaders made in spending on innovation and the climate as compared to the European Commission’s MFF proposals and the Parliament’s own demands, and regretted the weakened link between budget spending and the rule of law. This note offers links to first reactions from international think tanks on the budget deal. Earlier publications on financing the EU can be found in a previous item in this series, published by EPRS on 8 June 2020.

Outcome of the Special European Council meeting of 17-21 July 2020

23-07-2020

After almost five days of negotiations, the European Council reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Negotiations seem to have concentrated in particular on the balance between loans and grants for the provision of funding under the NGEU, with a final division of €360 and €390 billion respectively. Other notable ...

After almost five days of negotiations, the European Council reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Negotiations seem to have concentrated in particular on the balance between loans and grants for the provision of funding under the NGEU, with a final division of €360 and €390 billion respectively. Other notable developments concern the link between EU funding and respect for the rule of law, the size of the MFF, rebates and own ressources.

Future financing of the Union: MFF, Own Resources and Next Generation EU

22-07-2020

On 21 July, EU Heads of State or Government reached a political agreement on the future design of EU finances. The next step involves negotiations between Parliament, whose consent is required for the adoption of the EU’s multiannual financial framework (MFF), and Council. In an extraordinary part-session two days later, Parliament is expected to vote on a motion for a resolution that confirms Parliament’s readiness to enter immediately into negotiations to improve the deal and sets out conditions ...

On 21 July, EU Heads of State or Government reached a political agreement on the future design of EU finances. The next step involves negotiations between Parliament, whose consent is required for the adoption of the EU’s multiannual financial framework (MFF), and Council. In an extraordinary part-session two days later, Parliament is expected to vote on a motion for a resolution that confirms Parliament’s readiness to enter immediately into negotiations to improve the deal and sets out conditions for its consent to the MFF.

Documenting climate mainstreaming in the EU budget - making the system more transparent, strigent and comprehensive

16-07-2020

This study examines the current methodologies used for tracking climate-related and biodiversity-related expenditure in the EU budget. It identifies strengths and weaknesses of the current methodologies, and examines proposed changes to the methodologies for the 2021-2027 financial perspective. On this basis, it identifies potential objectives for strengthening the tracking mechanisms, and puts forward suggested approaches to meeting those objectives.

This study examines the current methodologies used for tracking climate-related and biodiversity-related expenditure in the EU budget. It identifies strengths and weaknesses of the current methodologies, and examines proposed changes to the methodologies for the 2021-2027 financial perspective. On this basis, it identifies potential objectives for strengthening the tracking mechanisms, and puts forward suggested approaches to meeting those objectives.

Autor externo

Martin NESBIT Thorfinn STAINFORTH Kaley HART Evelyn UNDERWOOD Gustavo BECERRA Institute for European Environmental Policy

Negotiations on the next MFF and the EU recovery instrument: Key issues ahead of the July European Council

15-07-2020

The current multiannual financial framework (MFF), also known as the EU's long-term budget, comes to an end this year. While the European Commission put forward a proposal for the next MFF and its financing in May 2018, agreement has so far proved elusive under legislative procedures that give a veto power to each Member State. In recent months, the unfinished negotiations have become intertwined with the debate on the creation of a common EU tool to counter the severe socio-economic consequences ...

The current multiannual financial framework (MFF), also known as the EU's long-term budget, comes to an end this year. While the European Commission put forward a proposal for the next MFF and its financing in May 2018, agreement has so far proved elusive under legislative procedures that give a veto power to each Member State. In recent months, the unfinished negotiations have become intertwined with the debate on the creation of a common EU tool to counter the severe socio-economic consequences of the coronavirus pandemic. In May 2020, the Commission tabled revised proposals for a 2021-2027 MFF worth €1 100 billion and the EU own resources system, together with a proposal for a €750 billion recovery instrument, Next Generation EU (NGEU). The latter would be financed with funds borrowed on the capital markets to reinforce EU budgetary instruments in the 2021-2024 period. In addition, an amendment to the current MFF would provide a bridging solution to fund some recovery objectives this year already. The complex negotiations, which involve many different legislative procedures, are now entering a key phase. Issues expected to be under the spotlight include: the size of the MFF and of the NGEU and their interaction; reform of the financing system with the possible creation of new EU own resources; the breakdown of allocations (between policies and Member States); the contribution to the green transition; conditionalities (such as rules linking EU spending to the rule of law or to challenges identified in the European Semester); flexibility provisions to react to unforeseen events; the mix of grants and loans in the recovery instrument; and the repayment of funds borrowed under NGEU. European Council President Charles Michel has prepared a compromise package ahead of the July European Council meeting. If the Heads of State or Government find a political agreement, the next step will involve negotiations between Parliament and Council, since the former's consent is required in order for the MFF Regulation to be adopted. Parliament, which has been ready to negotiate on the basis of a detailed position since November 2018, is a strong advocate of a robust MFF and an ambitious recovery plan. It has stressed that it will not give its consent if the package does not include reform of the EU financing system, introducing new EU own resources.

Next Generation EU - Where are assigned revenue? Which impact in 2021?

15-07-2020

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. in 2021, assigned revenue will surge to EUR 220 000 million in commitments and EUR 46 100 million in payments, from a total ...

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. in 2021, assigned revenue will surge to EUR 220 000 million in commitments and EUR 46 100 million in payments, from a total amount of EUR 17 405.5 million in commitment appropriations and EUR 19 159.6 million in payments appropriations in 2019. On assigned revenue, the European Parliament is excluded from the decision-making process. Given the size of the amount in question, the budgetary treatment of external assigned revenue should be reassessed.

Próximos actos

21-09-2020
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ENVI ITRE
21-09-2020
Women on Boards
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FEMM
23-09-2020
EPRS online policy roundtable: The United Nations at 75
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