The European Commission (EC) has approved an investment package of €98.2 million to support Europe's transition to a low-carbon, circular economy under the new LIFE funding program for the Environment and Climate Action, it announced on Thursday.
The investment package will contribute towards improving the quality of life in the EU in five areas including nature, water, air, waste and climate action, EC said.
The investment covers 10 projects in Belgium, Denmark, France, Greece, Lithuania, Malta, Spain and Sweden.
The EU's co-financing of €98.2 million is part of a total budget of €182.2 million for the LIFE funding program.
LIFE is the EU’s financial instrument supporting environmental, nature conservation and climate action projects throughout the EU.
Since 1992, the program has co-financed more than 4,500 projects.
For the 2014-2020 funding period, the program will contribute approximately €3.4 billion for the protection of the environment and climate.
By Ebru Sengul
Anadolu Agency
energy@aa.com.tr