A British non-profit organization has made a series of broad recommendations for how the EU budget could be better directed towards addressing climate change.

Investing in our future: a European budget for climate security, published by Green Alliance, calls on Europe to take the lead in shaping the response to climate change, and to take a closer look at the linkages between environmental and economic policy.

"The EU budget is an essential part of successful European response," says Green Alliance. "A major increase in global public investment is a pre-requisite to an effective response to climate change."
 
The report points to five priority areas in the EU budget: a dedicated low carbon fund to address energy and transport infrastructure (€13-16 billion); investment into carbon capture and storage (€3-5 billion); a doubling of money for research and development for new technologies (€7.5-8.5 billion); greater support for developing low carbon infrastructure in countries like China and India (one billion Euros); and more funding to help the poorest countries adapt to climate change (€7.5 billion).
 
The total cost of Green Alliance's recommendations is €32-38 billion annually (the EU budget is currently over €100 million annually).