EGEC calls for clean technology funding target in EU budget 2028-2034

EGEC, together with 62 other businesses, associations, think tanks and civil society organisations, urge the European Commission to maintain and strengthen a horizontal spending target for climate and environmental investments in the next long-term EU budget.

The debate on the shape of the EU budget for 2028-2034 (also known as the Multiannual Financial Framework or MFF) will determine Europe’s ability to channel investments in jobs, sustainable growth and competitiveness.

Simply put, green investments:

• Strengthen Europe’s long-term resilience and competitiveness by funding projects that drive the clean industrial transition
• Drive business innovation across the EU, and attract private capital and talent from around the world
• Enhance long-term prosperity, employment, and working conditions
• Have a higher return than non-green expenditure, yielding faster, more sustainable growth

The 30% climate spending target has already enabled over 11,000 green projects, from renewable energy infrastructure to circular economy and low-carbon transport. Dismantling this benchmark now would reverse hard-won progress and undermine Europe’s competitiveness, climate goals, and energy resilience.

We call on President Ursula von der Leyen and the European Commission leadership to make the next MFF a budget fit for a competitive, energy-secure and climate-neutral EU.

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