03 Nov 2016
EUROPEAN COMMISSION DAILY NEWS – 03 NOVEMBERBrussels Daily
Commission invests over €220 million in green and low-carbon projects in Member States
The European Commission has approved an investment package of €222.7 million from the EU budget to support Europe’s transition to a more sustainable and low-carbon future. The EU funding will spur additional investments leading to a total of €398.6 million to be invested into 144 new projects in 23 Member States. The support comes from the LIFE programme for the Environment and Climate Action. The projects illustrate the Commission’s ongoing commitment to its flagship circular economy package. Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella said: “LIFE-funded projects use relatively little funding and with simple ideas to create profitable green businesses that deliver on the transition to a low-carbon and circular economy.” Commissioner for Climate Action and Energy, Miguel Arias Cañete said: “With the Paris Agreement entering into force in a matter of weeks, we must now focus on delivering on our promises. These projects will create the right conditions to promote innovative solutions and spread best practices in reducing emissions and adapting to climate change across the EU.” A press release and memo detailing the full list of projects are available online.
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