From the perspective of the European Union, should a quarter of the next budget be allocated to climate policies, at the expense of other policies?

Paper details

Full instruction is: “Bjorn Lomborg, a famous climate change sceptic, argues that the pressing global issues to be tackled are extreme poverty and scarcity of drinking water. He argues that funds should be dedicated to tackling them, rather than to counter global warming. From the perspective of the European Union, should a quarter of the next budget be allocated to climate policies, at the expense of other policies (such as regional aid funding and agricultural policies)?”
It should be between 250-300 words.
Thanks in advance.