The European Commission has approved an investment package of more than €280 million from the EU budget for new LIFE programme projects. The Commission has allocated approximately €220 million to projects on environment and resource efficiency, nature and biodiversity, and environmental governance and information. On climate action, it will invest more than €60 million to support climate change mitigation, adaptation and governance and information projects.
This includes major investments aimed at enhancing Europe’s biodiversity, improving energy efficiency in buildings, and reducing the negative impact of energy-intensive industries on our planet.
Among other challenges, these projects will support the EU Biodiversity Strategy to 2030, contribute to EU Green recovery post COVID-19, and help Europe become a climate-neutral continent by 2050. Also, as many of these new projects involve several countries working together, LIFE’s impact will be felt across every Member State.
EU funding under the LIFE programme for the Environment and Climate Action will also mobilise additional investments, meaning nearly €590 million will help more than 120 new LIFE projects meet their ambitious goals. This amount represents a 37% rise on last year.