The Role of Common Agricultural Policy in Climate Actions

In the current post-pandemic economic environment, both climate action and sustainable development remain essential objectives for the European Union, while the Common Agricultural Policy (CAP), with the largest funding from the European budget may emerge as a key factor for achieving them both. CA...

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Bibliographic Details
Main Authors: ANDREEA - EMANUELA DRĂGOI, ANCA - CĂTĂLINA DRAGOMIR
Format: Article
Language:English
Published: Nicolae Titulescu University 2022-06-01
Series:Global Economic Observer
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Online Access:http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_008.pdf
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Summary:In the current post-pandemic economic environment, both climate action and sustainable development remain essential objectives for the European Union, while the Common Agricultural Policy (CAP), with the largest funding from the European budget may emerge as a key factor for achieving them both. CAP financing framework for 2021-2027 has three broad objectives: viable food production, sustainable management of natural resources and balanced territorial development. Given that those objectives of the post-pandemic CAP are particularly wide and ambitious, this paper focuses only on a comparative quantitative analysis of climate and environmental expenditures undertaken by Member States, highlighting Romania's position in the European hierarchy. Our research aims to present the achievements and challenges of Member States' environmental and climate spending under the CAP, in order to underline which development directions could contribute to a more resilient and sustainable rural development across EU.
ISSN:2343-9742
2343-9750