Amending Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027

Tabled by Rasmus Andresen, Bas Eickhout, Philippe Lamberts

Added: 2a. Recalls that significant additional investment is needed to achieve carbon neutrality by 2050 at the latest; insists that extra public investment is crucial and urgent while the window of opportunity is still open for reaching our climate and energy targets with a view to a just transition; regrets that the revision of the MFF together with the ongoing revision of the fiscal rules do not address the funding gap; insists that these resources urgently need to be found or made available either in national public spending or mutualised at EU level to underpin the energy transition and a green industrial plan, which is a matter of urgency especially as the price of inaction will be that our economies will be unable to sustain our societies as we know them today and the current macroeconomic governance framework risks leading to severe cuts in social spending;

Wording as published by the EP, in English. PE756.908