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The President: climate policy needs sustainable funding

President Gitanas Nausėda met with leaders of the Nordic and Baltic countries before the first working session of the European Council. The meeting focused on climate change policy, multiannual financial framework, implementation of the EU strategic agenda and Brexit.

The President highlighted Lithuania’s determination to shift to a climate-neutral policy by 2050 and support the implementation of innovative and environmentally friendly technologies to achieve this target. The President also emphasized that these commitments required sustainable funding in the new EU multiannual financial framework, but this was not reflected in the new draft budget proposed by the Finnish Presidency.

The President added that Lithuania was already moving towards a climate-neutral policy and estimated future public and private spending, which should reach 14 billion euros by 2030 and as much as 41 billion euros by 2050. The President drew attention to the fact that effective fight against climate change also required engagement and commitment of the third countries to achieve the green policy goals, implement and base their economic development on green innovations.

The President also elaborated on Lithuania’s position on the EU multiannual financial framework. “The budget should be fair and well-balanced. The funding cuts for cohesion and agriculture proposed by Finland are drastic and could have negative consequences for the implementation of climate change targets, strategic energy and transport projects, as well as Lithuania’s competitiveness in Europe”, the President said.

The Conference on the Future of Europe was also discussed at the meeting. The President expressed hope that the content of the conference would be linked to specific outcomes acceptable to the EU citizens, including strengthening of EU relations with the third countries, the dissemination of innovation and respect for human rights.

The President‘s Communication Group
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