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The Role of Common Agricultural Policy in Climate Actions

Author

Listed:
  • Andreea-Emanuela Dragoi

    (Institute for World Economy, Romanian Academy)

  • Anca-Catalina Dragomir

    (SC Cepstra Grup SRL)

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.

Suggested Citation

  • Andreea-Emanuela Dragoi & Anca-Catalina Dragomir, 2022. "The Role of Common Agricultural Policy in Climate Actions," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 80-87, June.
    • Handle: RePEc:ntu:ntugeo:vol10-iss1-80-87
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Common Agricultural Policy; post-pandemic development; climate and environmental actions; EU Member States;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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