September 22, 2020

EU long-term budget slashes funding for green transition, health and research

BUSINESS DAILY
BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

What’s been agreed for the EU’s seven-year budget? On the outside, it may look good for green policies, but many climate activists aren’t pleased because the budget has actually slashed funding for climate action. There are shrinking budgets elsewhere too, in both healthcare and research programmes – leading some to say that Europe will lose its competitive edge when it comes to innovation. We take a closer look.