Environment Committee MEPs assessed&nbsp;the skills, experience and suitability of Commissioner-designate for Climate Action Wopke Hoekstra on 2 October. He is set to replace Frans Timmermans, who resigned on 22 August to run as a candidate in the forthcoming general elections in the Netherlands.

During his&nbsp;introductory speech, Mr Hoekstra stressed that the Green Deal lays the foundation for the EU’s green transition and underlined that it is of utmost importance to maintain continuity in the EU’s climate ambitions. He hopes to ensure this by swiftly concluding pending climate negotiations and by proposing an ambitious climate target for 2040 in the first quarter of 2024, he said. Mr Hoekstra emphasised that the EU “cannot reach climate neutrality alone”. Global cooperation and climate finance are key during the upcoming UN climate change conference&nbsp;COP28, he stressed, vowing to work “non-stop for success in Dubai”.

He underlined that building a global “Loss and Damage coalition” is crucial to raise finance for developing countries and build trust. Finally, Mr Hoekstra stressed the importance of phasing out fossil fuels, as well as fossil fuels subsidies. “The sooner fossil fuels become history, the better”, he said, as they are “counterproductive for the EU’s energy transition”.

Based on the committee’s recommendations and the assessment by the Conference of Committee Chairs, the Conference of Presidents will conduct the final evaluation and decide whether to close the hearing process and hold a plenary vote.

Hearing of Wopke HOEKSTRA 2023

There have been five multiannual financial frameworks (MFFs) to date. The Treaty of Lisbon transformed the MFF from an interinstitutional agreement into a legally binding act.

Established for a period of at least five years, an MFF must ensure that the Union’s expenditure develops in an orderly manner and within the limits of its own resources, and sets out provisions with which the annual budget of the Union must comply, thus laying down the cornerstone of financial discipline.

EU Multiannual Financial Framework 2021-2027 - 8th Parliamentary term

The EU’s 2021-2027 long-term budget, together with NextGenerationEU, amounts to €1.8 trillion. This unprecedented response will help repair the economic and social damage caused by the coronavirus pandemic and aid the transition towards a modern, more sustainable Europe.

The package consists of the long-term budget (the 2021-2027 MFF multiannual financial framework) of €1.074 trillion, combined with the temporary recovery instrument NextGenerationEU of €750 billion.

It was adopted by the European Parliament on 16 December 2020.

MEPs negotiated major top-ups for EU flagship programmes like Health, Horizon (Research), Erasmus+ and supported also a roadmap introducing new sources of EU revenue. This roadmap is part of the ‘Interinstitutional Agreement’, a legally binding text. In addition to the contribution made as of 2021, based on how much unrecycled plastic a country has, the roadmap includes an ETS (Emissions Trading System)-based Own Resource (from 2023, possibly linked with a carbon border adjustment mechanism). It also includes a digital levy (from 2023) and a Financial Transaction Tax-based Own Resource, as well as a financial contribution that the corporate sector must make or a new common corporate tax base (from 2026).

EU Multiannual Financial Framework 2021-2027

Have a look at the 2021 and 2022&nbsp;stockshots with illustrative pre-edited broadcast quality video footage. These editable stockshots are clean (raw), with natural sound (no voice-over), produced to illustrate priority EU dossiers and parliamentary work. They are intended to help audiovisual media produce their own programs, for example, editing of news reports or documentaries.

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Hearing of Wopke HOEKSTRA 2023

EU Multiannual Financial Framework 2021-2027 - 8th Parliamentary term

EU Multiannual Financial Framework 2021-2027

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