Opinion Factsheet  

Klimatfinansiering: ett grundläggande instrument för genomförandet av Parisavtalet

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Opinion Number: CDR 2108/2017
Rapporteur: 
Commission: ENVE
Status: Adopted
Date: 10/10/2017
 
THE EUROPEAN COMMITTEE OF THE REGIONS:



- highlights the fact that climate change is a global problem, but that in order to address it in the most effective way possible a multi-level, multi-stakeholder governance approach is needed. In light of this, the Committee calls on the European Commission to recommend, including under the UNFCCC, that the role of local and regional governments be recognised and enhanced with a view to achieving the objectives of the Paris Agreement more effectively;

- given the scant ambition displayed by some States in the current international context, considers the role of local and regional bodies to be essential in involving the general public and raising awareness of climate change issues, in attracting investments and in implementing specific projects. In this regard, calls on the Commission to strengthen the Covenant of Mayors initiative and to promote the Global Covenant of Mayors, providing financial and technical assistance, especially in countries where national ambition is lacking;

- proposes, with regard to the discussions on the new post 2020 EU Multiannual Financial Framework (MFF), that climate change and sustainability issues become a dominant cross-cutting trend across all funding programmes, and that minimum allocation targets for climate be included both for the MFF as a whole and for the main funding programmes;

- suggests that ex ante impact assessments of EU legislative proposals be accompanied by a climate impact assessment and an assessment of how they will contribute to the Paris Agreement objectives;

- stresses that sometimes the rules on state aid and/or European accounting rules for public bodies can make environment and climate investments more difficult; therefore asks the Commission to check whether there is room for making these investments more appealing in accounting terms;

- suggests to establish an instrument to improve the capacity of regions and cities to navigate between the various existing initiatives, access climate financing and obtain appropriate technical support; offers its support to the Commission in drawing up a manual that will offer a map of European and international funding opportunities specifically for local and regional authorities.

Importance

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Links between the Stability and Growth Pact & CoR opinion on climate finance

The revision process of the Stability and Growth Pact which opened in the first week of February 2020 takes up many of the points mentioned in the CoR opinion on climate finance.
In particular, point 22 stating "the Committee of the Regions underlines how sometimes state aid regulations and / or European accounting standards for public bodies, often stringent, can make environmental investments more complex and for the climate. He therefore invites the European Commission to verify the existence of room for maneuver to make these investments more favorable " was fully taken up by the EU Commissioner Gentiloni.
It is in the absolute interest of local and regional representatives to reduce macroeconomic imbalances, to ensure short-term stability of accounts and long-term sustainability. The main challenge is to know how to make the most of the flexibility currently provided for by the rules, to make it more suitable for the Green Deal objectives, and therefore useful for promoting sustainable green investments.

Marco Dus, the rapporteur, is convinved that sustainable and inclusive growth is not only possible but necessary for us and for future generations.

 
05 Feb