ESIF presents financial tracking tool for EU climate action
The European Union has committed to ambitious climate and energy
targets. To support these goals, the European Commission has allocated
20% of the EU budget track climate action, as part of a greater
ambition to mitigate global warming and climate change.  

One of the main contributors to tracking climate action is the
European Regional Development Fund (ERDF)
[https://ec.europa.eu/regional_policy/en/funding/erdf/] and the
Cohesion Fund
[https://ec.europa.eu/regional_policy/en/funding/cohesion-fund/#:~:text=The%20Cohesion%20Fund%20is%20aimed,and%20to%20promote%20sustainable%20development.].
Together these funds have already delivered €52.5 bn in EU budget
investment in climate action the 2014-2020 period. To monitor climate
action and the supporting major investments across the EU, the
European Structural and Investment Funds
[https://ec.europa.eu/info/funding-tenders/funding-opportunities/funding-programmes/overview-funding-programmes/european-structural-and-investment-funds_en]
set up an interactive tracking tool. This tool provides an overview of
the financial contribution of EU budget to climate actions and its
development over recent years. The EU countries supply information on
the support for climate change objectives, the ERDF then assigns a
specific "climate weighting" to the financial support to visualise the
contribution to climate change mitigation and adaptation goals. 

Curious to learn more? Have a look at the financial tracking tool
[https://cohesiondata.ec.europa.eu/stories/s/Tracking-climate-related-investments/a8jn-38y8].
 

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Publication Date/Time
2021-05-25T11:00:00+00:00
Supporting the European Commission's ambition to mitigate global
warming and climate change