Laura CIOBANU, Raluca IGNAT, Vlad Constantin TURCEA and Alexandru Pavel COSTEA
Bucharest University of Economic Studies, Bucharest, Romania
Volume 2021 (14),
Article ID 37112921,
Sustainability and Environmental Economics - Strategies, Policies, and Innovations: 37ENV 2021
Abstract
Climate action was formally introduced into the CAP in the previous multiannual financial framework, recognizing that climate change mitigation could also be backed up through sustainable agriculture. Compromise with agriculture in the detriment of climate care shouldn’t be required anymore, today’s working practices together with environmental close-by innovations are catalysts for a European agriculture that has the potential to become less harmful for the environment. Current paper aims to track climate change mitigation budgetary changes in the upcoming multiannual financial framework within the CAP, in accordance with the international commitments. The research question is what will be the CAP contribution to the climate change in the future 2021-2027 period. The main objective of the paper is to emphasise the overlapping policies in the climate changes policy and CAP. The paper identifies that the current CAP will dictate in which way the EU’s agricultural capacity extent respond to prevailing challenges, especially the ones related to climate change. Overall funds increases are observed in climate change care for 2021-2027though, CAP drafted budget recorded one-digit average decrease across the two main pillars comparing to previous period allocations.
Keywords: Climate Change, CAP, MFF, Direct Payment, Rural Development Expenditure.