The package will support the bloc’s transition to a low-carbon, circular economy and covers 10 projects in Belgium, Denmark, France, Greece, Lithuania, Malta, Spain and Sweden.  

The EU funding will mobilise investments leading to an additional €2bn including agricultural, structural, regional and research funds, as well as national funds and private sector investments.

Miguel Arias Cañete, commissioner for climate action and energy, said: “These new projects will be a catalyst for regional adaptation to climate change and energy efficient housing. They demonstrate that an inclusive, integrated and climate-smart approach to funding can unlock more investment and improve the lives of citizens across the EU."

The investment is part of the LIFE programme, an EU funding instrument for the environment and climate action. The programme has been running since 1992 and has co-financed more than 4500 projects across the EU and the world.

The 10 projects have a total budget of €182.2bn, including €98.2m of EU co-financing.