The European Commission has approved an investment package of €222 million from the EU budget to support Europe's transition to more sustainable and low-carbon future under the LIFE programme for the Environment and Climate Action.
The EU funding will mobilise additional investments leading to a total of €379 million going towards 139 new projects in 20 Member States.
Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella said: "In its 25th year, the LIFE programme continues to invest in innovative projects with high added value for people, businesses and nature. I am delighted to see that the programme transforms close-to-market technologies into new, green business.”
Commissioner for Climate Action and Energy Miguel Arias Cañete said: "The historic Paris Agreement on climate change has added wind to the sails of already accelerating climate-smart investments. With these projects, we use limited public finance in a catalytic way: we unlock private finance to protect the environment, fight climate change and provide cleaner energy to our citizens. These kinds of investments are of critical importance if we are to move from aspirations to action."
In the area of climate action, the EU will invest €40.2 million to support climate change adaptation, mitigation and governance and information projects.
Selected projects support the EU's target to reduce greenhouse gas emissions by at least 40% by 2030 compared to 1990 levels. LIFE funding will also help improve the resilience of one of Europe's busiest waterways, the Scheldt Estuary in Belgium, develop tools to forecast desert dust storms, and counteract the heat island effect in cities.