As part of the next long-term EU budget 2021-2027, the European Commission proposed to renew the ‘Connecting Europe Facility’, with a budget of €42.3 billion to support investments in the European infrastructure networks for transport (€30.6 billion), energy (€8.7 billion) and digital (€3 billion).
This represents a 47% increase compared to 2014-2020 (Comparison in current prices for EU-27 in 2014-2020 vs. EU-27 in 2021-2028. The increase is of 29% in constant prices of 2018.), showing the EU’s commitment to a well-connected and integrated Union where citizens and businesses can fully benefit from free movement and the single market. For 2021-2027, the Commission is proposing to strengthen the environmental dimension of the Connecting Europe Facility, with a target of 60% of its budget contributing to climate objectives. This will help reinforce the Energy-Union, fulfil the EU’s commitments under the Paris Agreement and consolidate Europe’s global leadership in the fight against climate change.
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Source: European Commission