This publication aims at contributing to the emergence of a transformative economic thinking, integrating environmental, social, and economic dimensions, after the wreckage of neoliberal economic thought that clearly has reached its date of expiry. It is the product of a collaboration of the Heinrich-Böll-Stiftung, the ZOE Institute for Future-Fit Economies, and Finanzwende Recherche.
This briefing is an overview of the EU’s plans to fund and boost climate action. It also provides policy guidelines and recommendations to EU institutions and national governments as to how to finance a European Green Deal and ensure a smoother transition to a climate neutral economy. Furthermore, it advises civil society organisations on how to engage in the process and ensure a consistent and independent monitoring of progress that will be made in the coming years.
The EU, its institutions and all Member States must prioritize urgent action in order to implement the Paris Agreement's goal to limit the increase in temperatures to 1.5°C. The MFF 2021-2027 is the last investment cycle to help change course, and a stronger climate performance is urgently needed to reach our 2030 climate targets.