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EU CLINCHES 2027 BUDGET DEAL AS COP31 PUTS CLIMATE FINANCE, TRADE AND COMPETITIVENESS UNDER GLOBAL SPOTLIGHT
The EU Council and European Parliament have reached a political agreement on the bloc’s 2027 annual budget, setting commitments at €199.7 billion and payments at €211.5 billion, with formal approval still required within 14 days. The agreement comes as COP31 continues in Antalya, Türkiye, where climate finance, trade, competitiveness and implementation of the Paris Agreement have dominated the first week of negotiations. The EU says it provided €32.3 billion in public climate finance in 2025 and mobilised another €9.3 billion privately, while governments and businesses at COP31 are increasingly focused on how trade policy, carbon pricing and private investment can support the clean-energy transition.
BigV•19h ago•1 min read