Oireachtas Joint and Select Committees
Tuesday, 6 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
EU Finances Post-2020: European Commissioner for Budget and Human Resources
3:15 pm
Mr. Günther Oettinger:
No the Commission is preparing the MFF on the basis of existing rules. Maybe we are proposing some new own resources. Take the emission trading scheme, ETS, scheme, which is agreed and which is an existing system. Climate change policies are European policies. The ETS is European legislation. CO2 emission reduction targets for 2020, 2030, 2050 are European targets but the money is not going to the European budget, so this could be one idea, to take this existing ETS scheme and ask member states to provide the money to diversify the revenue side of our next MFF.