The European Commission has approved an investment package of € 222.7 million from the budget of the European Union to support Europe’s transition to a more sustainable and low-carbon future. In total 398.6 million is to be invested in 144 new projects in 23 Member States.

The support comes from the LIFE Programme, an EU financial instrument for the Environment and Climate Action. Most of the money, 323.5 million will go to the projects in the field of environment and resource efficiency, nature and biodiversity and environmental governance and information. The rest is to be invested climate change adaptation, climate change mitigation and climate governance and information projects. In each sub-programme one Slovenian project will be funded, in Environment LIFE ARTEMIS and in Climate Action LIFE ViVaCCAdapt.

Commissioner for the Environment, Maritime Affairs and Fisheries, Karmenu Vella welcomes the support of new projects. In his opinion, the LIFE programme supports innovative projects, which use relatively little funding and with simple ideas to create a profitable green business that contribute to the transition to a low-carbon and circular economy. Miguel Arrias Cañete, Commissioner for Climate Action and Energy, sees LIFE projects as means of creating the right conditions to promote innovative solutions and spread best practices in reducing emissions and adapting to climate change across the European Union.

The entire press release of the European Commission is available here.