Open letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives

A coalition of business associations, civil society, and think tanks calls on the EU to increase climate-related spending beyond 20% of its post-2020 budget and to 'climate proof' all spending by ending investments in unabated fossil fuel infrastructure and harmful subsidies.

• The signatories request that the EU increase the share of climate spending to a level significantly higher than 20% across the entire budget, noting that 14 Member States have already pushed for a minimum 20% threshold and the European Parliament has called for 30%.
• The letter demands that the EU 'climate proof' its entire budget, specifically requesting the cessation of funding for environmentally harmful subsidies and infrastructure for unabated fossil fuels to ensure alignment with the Paris Climate Agreement.
• The authors argue that directing a substantial portion of the EU budget toward climate-specific measures will leverage private finance to address the investment gap needed to meet the EU's 2030 climate and energy targets and its 2050 decarbonization vision.

APA

Carbon Market Watch (2018). Open letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives. https://carbonmarketwatch.org/publications/open-letter-to-president-juncker-towards-an-eu-budget-that-is-in-service-of-achieving-europes-climate-objectives/

Chicago

Carbon Market Watch. Open letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives. 2018. https://carbonmarketwatch.org/publications/open-letter-to-president-juncker-towards-an-eu-budget-that-is-in-service-of-achieving-europes-climate-objectives/.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Open letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives |date=5 April 2018 |url=https://carbonmarketwatch.org/publications/open-letter-to-president-juncker-towards-an-eu-budget-that-is-in-service-of-achieving-europes-climate-objectives/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2018open, author = {{Carbon Market Watch}}, title = {{Open letter to President Juncker: Towards an EU budget that is in service of achieving Europe’s climate objectives}}, publisher = {Carbon Market Watch}, year = {2018}, month = apr, url = {https://carbonmarketwatch.org/publications/open-letter-to-president-juncker-towards-an-eu-budget-that-is-in-service-of-achieving-europes-climate-objectives/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }