A new Programme for Environment and Climate Action (LIFE) has been launched and it focuses on Innovative financing schemes for sustainable energy investments.
Significantly increased expenditures will be required in light of the EU's ambitious climate and energy policy, which includes dedicated targets for the years 2030 and 2050.
This is reflected in the European Green Deal Investment Plan, which intends to mobilize at least €1 trillion in sustainable investments over ten years to make Europe the first climate-neutral continent by 2050.
This will necessitate major public and private sector investment. Public finance must lead the way, while private actors must provide the resources.
Know more about the LIFE call, here.