The European Union is “at serious risk” of failing to meet its target on climate funding, because it is overestimating the climate-friendliness of parts of its budget, according to a report by the bloc's audit body.
The EU had agreed that 20 percent of its budget in the 2014-2020 period would be spent on climate action: measures which will either help reduce global warming or prepare for it.
The European Commission's most recent forecast is that 18.9 percent of the budget will be ...
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