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(19 November 2019) - Today, the three EU institutions agreed on the EU's budget for 2020. 21% of the overall amount will go to measures to address climate change.

Budget
© Julien Tromeur

The 2020 EU budget is set at €168.69 billion in commitments (money that can be agreed in contracts in a given year) and €153.57 billion in payment credits (money that will be paid out).

21% of the overall budget will go to measures to address climate change. For example, the LIFE Programme for the Environment and Climate Change will receive €589.6 million (+5.6% compared to 2019).

Next year's budget will also prepare the transition to the next budgetary cycle as it will be the seventh and last one under the current 2014-2020 long-term budgetary cycle.

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