LIFE and climate change mitigation

Climate change is one of the major global challenges. Science has shown that recent climate changes have had widespread impacts on human and natural systems. The European Union is at the forefront of global efforts to address this challenge.
With regards to funding, 20% of the EU budget for 2014-2020 is dedicated to climate action. This includes €864 million that the new LIFE sub-programme for Climate Action will make available over seven years for projects targeting both mitigation and adaptation efforts. Such funding streams will be supported by new collaborative initiatives with the European Investment Bank, such as the Private Finance for Energy Efficiency (PF4EE), using public money to leverage significant private investment in favour of climate action. Since 1992, the LIFE programme has mobilised more than €600 million in favour of climate change mitigation.