Programmes & Initiatives Flashcards
Copernicus
Copernicus is the European Union’s Earth Observation Programme, looking at our planet and its environment for the ultimate benefit of all European citizens.
RRF
Recovery & Resilience Facility
37% of EU funding under the RRF needs to be spent on climate investment & reforms
RePower EU
diversification of gas supplies & acceleration of transition to green energy
Green Deal Industrial Plan
European Climate Law
adopted in June 2021
established independent scientific advisory body
legally binding target for climate neutrality by 2050
binding intermediary target to reduce net GHG emissions by 55% by 2030 compared with 1990s levels
Next Generation EU
supranational debt up to 800bn by end of 2026, 250bn by issuing green bonds
so far disbursed:
153bn under RRF (106 bn in grants, 47bn in loans, 30bn from EU budget)
30% of expenditure dedicated to climate
LIFE programme
EU fund dedicated entirely to environmental & climate objectives - 5.4 bn for 2021-27
IPCEI
Important Project of Common European Interest
signed by 23 EU member states and norway for hydrogen