The Malta Business Weekly

EU invests more than €100m in new Life Programme projects to promote a green and climate-neutral Europe

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The European Commission on Tuesday announced an investment of €101.2m for the latest projects under the Life programme for the Environmen­t and Climate Action.

The funding will support 10 large-scale environmen­t and climate projects in nine member states, helping Europe’s transition to a sustainabl­e economy and climate neutrality. These projects are located in Cyprus, Estonia, France, Greece, Ireland, Latvia, Slovakia, Czechia and Spain.

Executive vice-president of the European Commission Frans Timmermans said: “The European Green Deal is about improving the well-being and prosperity of our citizens, while protecting nature and the climate. Life projects have played an important role for many years and have a big impact on the ground. With today’s €100m investment we will help to preserve precious natural habitats, keep the air clean and cut pollution in many lakes and rivers in Europe.”

Commission­er for the Environmen­t, Oceans and Fisheries Virginijus Sinkevičiu­s said: “Life integrated projects enable member states’ authoritie­s to make a real difference to the environmen­t and people’s lives. The projects will help member states to conserve nature, improve air and water quality and make the economy greener. This will improve our resilience to the changing climate.”

Integrated projects improve citizens’ quality of Life by helping member states comply with EU legislatio­n in six areas: nature, water, air, waste, climate change mitigation and climate change adaptation. They support implementa­tion of environmen­tal and climate legislatio­n in a coordinate­d manner and on a large territoria­l scale, leveraging funding from other EU sources, national and regional actors and private investors.

The Life investment is set to mobilise over €6.5bn of complement­ary funds, as member states can also make use of other EU funding sources, including agricultur­al, regional and structural funds, Horizon 2020, as well as national funds and private sector investment.

The large-scale projects will support the European Green Deal and the EU’s ambition of becoming the world’s first climate-neutral continent by 2050. They will help to restore and conserve ecosystems and species we all depend on, move towards a circular economy, improve air and water quality, boost sustainabl­e finance and increase climate resilience in Europe.

Impact on the ground • Nature conservati­on:

Integrated projects in Estonia, Ireland and Cyprus will help to conserve Europe’s nature and improve the management of the EU Natura 2000 network of protected areas. Many important habitats and species will benefit, from forests, farmlands, grasslands, coastal areas and peatlands to pollinator­s. These habitats also serve as valuable carbon sinks.

• Waste management:

A project in Greece will promote waste prevention and re-use, reducing the amount of municipal waste going to landfill. New waste indicators and standards will be developed to help build the circular economy.

Life funding will

• Air quality:

assist Slovakia in complying with EU directives on air quality, reducing the population’s exposure to harmful air pollutants. Neighbouri­ng Czechia, affected by similar air quality problems, will also benefit.

Integrated projects working at river basin-scale will protect and improve water quality in Ireland and Latvia’s rivers and lakes, enabling the countries to meet their obligation­s under the EU Water Framework Directive.

• Water: • Climate

tion:

change

adapta

Life funding will also support increased resilience to climate change. Projects will integrate climate change adaptation into planning and other policy areas in Spain as well as building adaptation capacity in France using nature-based solutions.

• Sustainabl­e finance:

Also in France, an integrated project will help bridge significan­t knowledge gaps in this area and bring green financial products into the mainstream. The Life programme is the EU’s funding instrument for the environmen­t and climate action. It has been running since 1992 and has co-financed more than 5,400 projects across the EU and in third countries. At any given moment some 1,100 projects are in progress. The budget for 20142020 is set at €3.4bn in current prices. Life integrated projects were introduced in 2014 to help member states comply with key EU environmen­tal, nature and climate legislatio­n. For the next long-term EU budget for 20212027, the Commission is proposing to increase funding by almost 60% for Life.

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