EU agreement on the new Life Programme
The Council’s Committee of Permanent Representatives (COREPER, responsible for preparing the work of the Council) has approved the agreement reached between the institutions on 26 June on a new LIFE Regulation.
This paves the way for formal adoption of the new funding instrument for the environment by the Council and the Parliament later in the year.
The new LIFE programme will provide EUR 3,456 million, including EUR 2,592 million for environment and EUR 864 million specifically for climate change action, over the next 7 years.
The biggest part of the new LIFE instrument will provide funding, mainly through grants for projects, to organisations established in the EU pursuing environment and climate action objectives in the Member States.
One innovation is that funding can now also be channelled through financial institutions to provide loans or guarantees for banks lending directly to projects.
Another innovation is the possibility to provide capacity building to national and regional contact points to improve Member States performance in the Programme.
A small part of the instrument will provide operational grants to NGOs active in the fields of environment and climate change.