Climate Action Commissioner Connie Hedegaard mentioned: “I’m satisfied to look that the new LIFE programme will triple the volume spent on climate motion. From 2014 to 2020, the new LIFE foresees over 860 million Euros devoted to climate motion. This signifies that an ever emerging percentage of LIFE tasks goes to give a contribution to take on climate exchange. This will assist Europe within the transition against a aggressive, low-carbon economic system.”
The new LIFE programme will supply EUR 3,456 million, together with EUR 2,592 million for environment and EUR 864 million particularly for climate motion, over the following seven years.
While probably the most simplification measures that had been initially proposed don’t seem to be incorporated within the agreed textual content, the Commission is assured that the new Regulation will obviously strengthen the standard of the tasks supported via LIFE. The upper charge of EU co-financing can be particularly welcomed via organisations that struggled prior to now to seek out the important budget to hide their very own a part of undertaking budgets.
The greatest a part of the new LIFE software will supply investment, principally via grants for tasks, to EU organisations pursuing environment and climate motion goals within the Member States.
One innovation is that investment can now even be channelled via monetary establishments to supply loans or promises for banks lending at once to tasks. Another innovation is the likelihood to supply capability development to nationwide and regional touch issues to strengthen Member States efficiency within the Programme. A small a part of the software will supply operational grants to NGOs energetic within the fields of environment and climate exchange.