Greening the Cohesion Policy: Efficient investments to deliver sustainable prosperity and jobs
Publisher: CEE Bankwatch Network
Volume: 4 pages, pdf
Description:
The €336 billion of the future Cohesion Policy 2014-2020, second largest EU fund, will be a decisive tool for shaping EU’s future resource efficient low carbon economy. The EU has identified the need to accelerate efforts to reduce resources and environment depletion. Member States have set vital targets for 2020, including halting biodiversity loss, reducing carbon emissions by 20% or 30%, improving energy efficiency by 20%, and increasing the use of renewable energies by 20%. Clear strategies and roadmaps are set to achieve these objectives. In terms of investment policy, these objectives need to be matched by adequate financial resources to steer investments in the right direction.