The European Parliament’s Foreign Affairs and Development committees have adopted their joint position on the proposed Neighbourhood, Development and International Cooperation Instrument (NDICI), supporting development, climate and environmental goals.

The Parliament improved on the European Commission’s proposal by agreeing to increase the climate and environment-spending target.

The NDICI merges most of the EU’s current external financing instruments, including the European Development Fund, into one broad instrument. Once in force, it will be the EU’s main tool to foster cooperation with non-EU countries in the neighbourhood and beyond, and to implement its international commitments, including deriving from the 2030 Sustainable Development Goals and the Paris Agreement on climate change. Concretely, MEPs propose that 45% of NDICI funds should support climate and environmental objectives, the Parliament said.

 

Full article available: https://www.neweurope.eu/article/eu-funding-to-support-climate-and-environmental-goals/

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