Funding for environment, nature and climate action projects gets EU Commission nod

The LIFE projects also support reducing energy consumption in new buildings, in line with the recently launched EU Renovation Wave Strategy. If replicated across the EU at speed and scale, they can help the EU achieve its ambitious EU Green Deal goals and contribute to building a greener and more resilient Europe for all of us, but also for generations to come,” Sinkevicius said. The projects will help to achieve the European Green Deal objectives by supporting the EU Biodiversity Strategy and the Circular Economy Action Plan, contributing to the green recovery from the Coronavirus pandemic, and helping Europe become a climate-neutral continent by 2050, among others. “They bring solutions to some of the most serious challenges of our time such as climate change, loss of nature and unsustainable use of resources. style=”font-size:40px; line-height: 1.3em; font-weight: 800; padding:7px;”>Funding for environment, nature and climate action projects gets EU Commission nod

By New Europe Online/KG

epa08743238 European Commission Vice President Frans Timmermans and EU Commissioner for Energy Kadri Simson (not pictured) address a joint news conference at the EU Commission headquarters in Brussels, Belgium, 14 October 2020. EU Environment, Oceans and Fisheries Commissioner Virginijus Sinkevicius said LIFE projects can really make a tangible difference on the ground. Financial resources are also being earmarked for numerous projects that will help energy-intensive industries to reduce greenhouse gas emissions in line with the Commission’s ambitious Climate Target Plan and our climate neutrality objective. This amount represents a 37% rise compared to last year, the Commission said on November 16. Many of the new projects are cross-country projects involving several Member States. Funds will go into developing universal and affordable low-carbon solution that could reduce energy consumption in all new buildings by up to 40%. Funds will also go towards projects that prevent food waste and lead to improved waste management in line with the new EU’s Circular Economy Action Plan. EPA-EFE/FRANCOIS LENOIR / POOL

European Commission Vice President Frans Timmermans addresses a news conference at the EU Commission headquarters in Brussels, Belgium, October 14, 2020. Projects such as restoring peatlands – unique ecosystems home to many highly adapted, rare and threatened species – will contribute to the implementation of the EU Biodiversity Strategy. I’m looking forward to the results of these new projects,” he added. Approximately €220 million are allocated to a wide range of projects on environment and resource efficiency, nature and biodiversity, and environmental governance and information and over €60 million to support climate change mitigation, adaptation and governance and information projects. Peatlands are also an important carbon sink, and can boost Europe’s drive toward climate neutrality by 2050. EPA-EFE/FRANCOIS LENOIR/POOL

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The European Commission has approved an investment package of more than €280 million from the EU budget for over 120 new LIFE programme projects, triggering total investments of nearly €590 million to help meet these projects’ ambitious goals for environment, nature, and climate action. According to the Commission, this includes major investments aimed at protecting and enhancing Europe’s biodiversity. “The European Green Deal is our roadmap to a green, inclusive, and resilient Europe,” Commission Executive Vice-President for the European Green Deal Frans Timmermans said. “LIFE projects epitomise these values as they bring together Member States for the protection of our environment, the restoration of nature, and support of biodiversity.