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The LIFE programme is the EU financial instrument supporting the EU Green Deal’s objectives through policy driven actions related to environmental, nature conservation and climate projects. Since 1992 LIFE has funded more than five thousand projects supporting Nature Conservation, Circular Economy and Climate Mitigation and Adaptation.
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The European Union’s (EU) Green Deal is the EU’s main new growth strategy to transition the EU economy toward a sustainable economic model. The proposed financing of the EU Green Deal is set out in the EU Green Deal Investment Plan.
Several funding mechanisms were created to facilitate the EU Green Deal, totalling over €1 trillion. Over 50% of the budget, €528 billion, will come directly from the EU budget and the EU Emissions Trading System. The rest will be sourced through the InvestEU programme, which combines €279 billion from public and private sectors to 2030 and €114 billion from national co-financing. It will provide an EU budget guarantee to allow the EIB Group and others to invest in higher-risk projects, enabling private investment. |
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October 2024
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