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The Role of Common Agricultural Policy in Climate Actions

Andreea-Emanuela Dragoi () and Anca-Catalina Dragomir ()
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Andreea-Emanuela Dragoi: Institute for World Economy, Romanian Academy
Anca-Catalina Dragomir: SC Cepstra Grup SRL

Global Economic Observer, 2022, vol. 10, issue 1, 80-87

Abstract: In the current post-pandemic economic environment, both climate action and sustainable development remain essential objectives for the European Union, while the Common Agricultural Policy (CAP), with the largest funding from the European budget may emerge as a key factor for achieving them both. CAP financing framework for 2021-2027 has three broad objectives: viable food production, sustainable management of natural resources and balanced territorial development. Given that those objectives of the post-pandemic CAP are particularly wide and ambitious, this paper focuses only on a comparative quantitative analysis of climate and environmental expenditures undertaken by Member States, highlighting Romania's position in the European hierarchy. Our research aims to present the achievements and challenges of Member States' environmental and climate spending under the CAP, in order to underline which development directions could contribute to a more resilient and sustainable rural development across EU.

Keywords: Common Agricultural Policy; post-pandemic development; climate and environmental actions; EU Member States (search for similar items in EconPapers)
JEL-codes: Q01 Q15 Q2 Q28 (search for similar items in EconPapers)
Date: 2022-06
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