Presented by the European Commission on the 16th July 2025, the Multiannual Financial Framework (“MFF”) could become a major lever for decarbonisation and competitiveness, with nearly EUR 700 billion dedicated to climate action. With a total envelope amounting to EUR 1.98 trillion for the 2028 – 2034 period, equivalent to 1.26% of the Union’s gross national income (GNI), it represents a significant increase compared with the EUR 1.2 trillion allocated under the current 2021–2027 framework. Qualified by President Ursula von der Leyen as “the most ambitious [budget] ever proposed”, the plan nevertheless crystallises institutional tensions.
In this article, EdEn analyses the Commission’s proposal for the 2028–2034 Multiannual Financial Framework.
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