Edition 1488
18 August 2018
Edition: 1488

Read this week's issue online exactly as it appears in print.

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EU proposes to increase funding to support the environment and climate action

in Business · 07-06-2018 14:13:00 · 0 Comments

For the next long-term EU budget 2021-2027, the European Commission is proposing to increase funding by almost 60 percent for LIFE, the EU programme for the environment and climate action.

The LIFE programme is among the EU funding programmes for which the Commission is proposing the largest proportional increase, with a budget of €5.45 billion between 2021 and 2027.
The Commission has integrated climate action into all major EU spending programmes, in particular cohesion policy, regional development, energy, transport, research and innovation, the Common Agricultural Policy as well as the EU’s development policy, making the EU budget a driver of sustainability. To implement the Paris Agreement and the commitment to the United Nations Sustainable Development Goals, the Commission proposes to raise the level of ambition for climate financing across all EU programmes, with at least 25 percent of EU expenditure contributing to climate objectives.
Commissioner for Environment Karmenu Vella said: “The EU is a global leader for environmental protection and climate action; where we spend our money should reflect this. With more funding, we can strengthen our LIFE programme to ensure that it can effectively contribute to protecting our environment and speeding up the transition to a clean, energy-efficient, low-carbon and climate-resilient economy – a priority of the Juncker Commission.”
Climate Action and Energy Commissioner Miguel Arias Cañete added: “A stronger LIFE programme will play an important role in expanding investments in climate action and clean energy across Europe. By continuing to support climate change mitigation and adaptation, LIFE will also continue to help the EU deliver on its climate goals and commitments under the Paris Agreement and the United Nations Sustainable Development Goals.”

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Edition 1488
18 August 2018
Edition: 1488

Read this week's issue online exactly as it appears in print.

Twitter

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