Following European Parliament’s adoption of its position on the EU’s long-term 2021-2027 budget, MEPs voted in favour on December 11 of doubling funding for the LIFE programme, the EU’s only funding instrument for climate change, environment and nature conservation, compared to the last 7-year period.

Setting out their position on the scope and the priorities for investing in areas which are crucial for future growth, MEPs approved by 580 votes to 41 against, and 45 abstentions the proposal for the LIFE programme for 2021-2027 financing of environmental and climate objectives.

MEPs propose to double funding for the LIFE programme compared to the last 7-year period. The total financial envelope foreseen is €6.44 billion in 2018 prices (€7.27 billion in current prices compared to the Commission’s proposal of €5.45 billion).

The EU programme for the environment and climate action will contribute to mainstreaming climate action and to reaching an overall target of at least 25% of the EU’s budget expenditure supporting climate objectives over the 2021-2027 period, the European Parliament said in a press release.

 

Full article available: https://www.neweurope.eu/article/environment-and-climate-action-need-more-eu-funds-meps-say/

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