EU: Climate change objectives fully covered in 2014-2020 budget

Head of the EU Delegation to Egypt Ambassador James Moran has stressed that climate change objectives are fully integrated into the EU's budget for 2014-2020 through an ambitious series of measures and targets.

He made the remark during an expert workshop organized by the EU in cooperation with the embassies of Germany and France to discuss Climate Finance with representatives of the government of Egypt, climate expert community, civil society organizations and representative of academia.

During the workshop, experts will discuss the current climate mitigation and adaptation, relevant projects financed and implemented by various international organizations in Egypt. The workshop will also feature discussions on strategy and needs of Egypt for climate relevant financing and its availability in the context of upcoming negotiations for UNFCCC COP 21 in Paris.

Moran added that these include an overarching target that at least 20% of the overall EU budget will be spent on climate-related activities. "The EU’s development policy will contribute to achieving this overall commitment, with estimated €14 billion grants over the years 2014-2020 of climate spending in developing countries. This is on top of climate finance from individual Member States", he said.