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EU Commission grants over $414 mn for 132 clean transition projects
The allocated amount represents more than half of the €536 million total investment needs for these projects—the remainder coming from national, regional and local governments, public-private partnerships, businesses and civil society organisations.
The European Commission has granted over €358 million (~$414.2 million) to 132 new projects across Europe under the LIFE Programme for environment and climate action.
It will mobilise €133 million (the EU will provide €76 million) to contribute to circular economy and improving quality of life, with 31 projects backing the transition to a clean, circular, energy-efficient and climate-resilient economy.
LIFE projects play a significant role in the Eurioean Union’s (EU) transition to a clean, circular and resilient economy, helping safeguard and restore the EU’s biodiversity, supporting industrial competitiveness and contributing to the EU’s long-term goal of becoming climate-neutral by 2050.
This investment will have a lasting impact on the region’s environment, economy, industry and the well-being of all Europeans. The projects will cover all areas of the LIFE programme.
It will mobilise €133 million (of which the EU will provide €76 million) to contribute to circular economy and improving quality of life, with 31 projects supporting the transition towards a clean, circular, energy-efficient, and climate-resilient economy.
It will mobilise €96 million (of which the EU will provide €58 million) to 19 projects to strengthen climate resilience and mitigation efforts.
It will also mobilise €82 million (of which the EU will provide €77 million) to 48 projects aimed at accelerating the clean energy transition, an official release said.
Among the 31 projects selected to promote a more circular economy and quality of life, the €3.6 million LIFE Woodmer project in Sweden will produce biopolymers from waste wood to reduce hazardous chemicals and plastics in packaging and textiles.
The €1.9 million project InBioSoil in Spain uses fungi to clean up soil contaminated with persistent organic pollutants.
To ensure a clean energy transition, the 48 new projects announced today range from citizen-led local energy cooperatives to retrofitting old buildings and installing affordable heat pumps. They include the €1.2 million LIFE SUNACADEMY project, a new renewable energy training academy in France, with a focus on residential and large solar installations.
The €1.8-million NESOIplus project will provide for clean energy solutions and capacity building targeted to remote island communities in the Azores, Canaries and Martinique. And with a budget of €1.6 million, the BAIL-RENOV project will give an increased focus on landlord’s needs all along the energy renovation process in rental properties in France.
Over its 33 years of existence, the LIFE Programme has co-financed more than 6,500 environmental and climate action projects across the EU and associated countries.
The present LIFE programme started in 2021 and runs until 2027, with a budget of €5.43 billion. The grants financed under the LIFE Programme are managed by CINEA, the European Climate Infrastructure and Environment Executive Agency.
Fibre2Fashion News Desk (DS)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
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