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.
€181.9 million will go to projects in the field of environment and resource efficiency, nature and biodiversity, and environmental governance and information. The EU funding will mobilise additional investments leading to a total of €379 million going towards 139 new projects in 20 Member States.
In line with the European Commission's circular economy package, projects will help Member States in their transition to a more circular economy. In the area of climate action, the EU will invest €40.2 million to support climate change adaptation, mitigation and governance and information projects.
Some examples of the distribution of the investment package are:
- 59 LIFE Environment & Resource Efficiency projects will mobilise €134.6 million, of which the EU will provide €73.0 million. These projects cover actions in five thematic areas: air, environment and health, resource efficiency, waste, and water. The 15 resource efficiency projects alone will mobilise €37.9 million to help in Europe's transition to a more circular economy.
- 12 LIFE Climate Change Adaptation projects will mobilise €42.6 million, of which the EU will provide €20.6 million. These action grants are awarded to projects in six thematic areas: ecosystem-based adaptation, health and wellbeing, mountain/island areas adaptation focusing on the agriculture sector, urban adaptation/planning, vulnerability assessments/adaptation strategies, and water (including flood management, coastal areas and desertification).
- 9 LIFE Climate Change Mitigation projects have a total budget of €25.7 million, of which the EU will contribute €13.6 million. These action grants are awarded to best practice, pilot and demonstration projects in three thematic areas: industry, greenhouse gas accounting/reporting, and land use/forestry/agriculture.
You can find the EC press release here.