This Challenge funds research and innovation with the following specific objectives:
The 20th century's era of seemingly plentiful and cheap resources is coming to an end. The ability of the economy to adapt and become more climate change resilient, resource efficient and at the same time remain competitive depends on high levels of eco-innovation, of a societal, economic, organisational and technological nature. With the global market for eco-innovation worth around €1 trillion per annum and expected to triple by 2030, eco-innovation represents a major opportunity to boost competitiveness and job creation in European economies.
To ensure EU added value and given the transnational and global nature of the climate and the environment, their scale and complexity, and the international dimension of the raw materials supply chain, activities have to be carried out at the Union level and beyond. Reducing resource use and environmental impacts, whilst increasing competitiveness, will require a decisive societal and technological transition to an economy based on a sustainable relationship between nature and human well-being.
Innovation in these fields will provide opportunities for growth and jobs, as well as innovative options involving science, technology including of ICT, the economy, society, policy and governance.
Research and innovation will cover the following broad lines of activities:
Climate funding can also been found in the following two areas: