BRUSSELS: The European Union missed its target to spend 20 per cent 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 auditors said, however, that the EU had overstated its climate spending by at least 72 billion euros and the actual figure was likely to have been €144 billion, equating to 13 per cent of the total budget. Agriculture subsidies made up 80 per cent 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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