The European Union missed its target to spend 20% of its pre-2020 budget on fighting climate change and overstated its green spending to claim that the goal had been met, the European Court of Auditors said on Monday.
The EU had pledged to spend at least 20% of its 2014-2020 budget on measures to limit climate change, and by its own account hit that goal exactly, spending 216 billion euros in the period.
Agriculture subsidies made up 80% of the "climate" spending the auditors said was mislabelled. While some schemes had made a solid contribution to fighting climate change, such as enriching soil carbon storage, others had little climate impact, the auditors said. Among those having little impact were crop diversification,
"The Commission has already significantly strengthened the EU climate tracking methodology," a Commission spokesperson said.
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