The EU, through its funding programmes, supports the development of innovations and technologies that help combat climate change, protect the environment and ensure a sustainable development and growth.
The European Union and its Member States are committed to promoting sustainable development within its borders and abroad. To that end, the EU is a leading proponent of domestic and international climate and environmental action. Funding and financing viable solutions that foster inclusive development and mainstream sustainability, protect the environment and mitigate climate change, or accelerate the clean energy transition is a way to deliver on the global commitments into which the European Union entered.
A variety of programmes, instruments and entities at EU level implement this policy, among them:
- - Research and Innovation Framework Programmes, including Horizon 2020
- - SME Instrument
- - LIFE Programme
- - European Structural and Investment Funds (ESIF)
- - European Agricultural Fund for Rural Development (EAFRD)
- - European Investment Bank (EIB)
- - European Institute of Innovation and Technology (EIT)
- - Connecting Europe Facility (CEF)
- - European Cooperation in Science and Technology (COST)
- - Competitiveness of enterprises and SMEs (COSME)
These programmes and instruments have funded the development of remarkable solutions that are technologically feasible, environmentally sound, socio-economically favorable and commercially beneficial. The EU will continue to fund and support the market uptake of solutions that protect the environment and meet global climate and energy commitments. In many instances, in a more targeted manner, for example, for the last three years (2018-2020) of the current Research and Innovation current Framework, Horizon 2020, the EU committed to spending 35% of the funds on climate action. This means around €10 billion will be targeted towards climate, energy and circular economy projects in the next three years.