The European Parliament adopted a legislative resolution approving the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council establishing a programme for environment and climate action (LIFE) and repealing Regulation (EU) No 1293/2013.
The proposed Regulation aims at establishing a programme for environment and climate action (LIFE) for the duration of the multiannual financial framework (MFF) 2021-2027.
Objective
The overall objective of the LIFE programme for the period 2021-2027 is to contribute to the transition to a clean, circular, energy-efficient, climate-neutral and climate-resilient economy, protect and improve the quality of the environment and to halt and reverse the loss of biodiversity.
Budget
The financial envelope for the implementation of the programme for the period 2021-2027 is EUR 5 432 000 000 in current prices, with the following indicative breakdown:
- Environment (‘Nature and Biodiversity’; ‘Circular Economy and Quality of Life’): EUR 3 488 000 000;
- Climate Action ('Climate change mitigation and adaptation'; 'Clean energy transition'): EUR 1 944 000 000.
This budget reflects the agreement of the European Council on the MFF to increase the target for budget wide climate related spending from 25% to at least 30%. 61% of the financial envelope of LIFE is expected to contribute to the achievement of that target.