The European Commission (EC) will invest €101.2 million in the latest projects under the LIFE program for the Environment and Climate Action, according to an EC statement on Monday.
The LIFE investment is set to mobilize over €6.5 billion of complementary funds, as member states can also make use of other EU funding sources, including agricultural, regional and structural funds, the EU research and innovation funding program Horizon 2020, as well as national funds and private sector investment.
'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,' the EC statement read.
These projects will be located in Greek-administered Cyprus, Estonia, France, Greece, Ireland, Latvia, Slovakia, Czechia and Spain.
The Commission stressed that 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.
'With today's €100 million investment we will help to preserve precious natural habitats, keep the air clean, and cut pollution in many lakes and rivers in Europe,' Executive Vice-President of the EC Frans Timmermans, was quoted as saying.
By Ebru Sengul Cevrioglu