Reflecting the European Green Deal as Europe’s sustainable growth strategy and the importance of tackling climate and biodiversity objectives in line with the commitments of the Interinstitutional Agreement between the European Parliament, the Council of the European Union and the European Commission, the Facility should contribute to the achievement of an overall target of 30 % of Union budget expenditure supporting climate objectives and 7,5 % in 2024 and 10 % in 2026 and 2027 biodiversity objectives. At least 37 % of the non-repayable financial support, including provisioning, provided to investment projects approved under the Neighbourhood Investment Platform, one of the regional investment platforms referred to in Article 32 of Regulation (EU) 2021/947 of the European Parliament and of the Council, should be attributed to climate objectives. That amount should be calculated using the Rio markers following the obligation to report the EU’s international climate finance to the OECD, as well as obligations under other international agreements or frameworks. As early as June 2025, the EU climate coefficients, applicable across all programmes under the 2021-2027 Multi-annual Financing Framework (MFF) and set out in the Commission Staff Working Document entitled Climate Mainstreaming Architecture in the 2021-2027 Multiannual Financial Framework, will also be applied to climate expenditure under the MFF’s Heading 6 (Neighbourhood and the world). The Facility will align with the approach of other Heading 6 instruments, in order to ensure consistent climate reporting in Moldova. The Facility should support activities that fully respect the climate and environmental standards and priorities of the Union and the principle of do no significant harm.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
