The European Commission has outlined plans to invest €105 billion in green projects as part of its 2007-2013 regional policy budget – almost three times as much as that invested during the last budgetary period.
The investment will mainly go towards helping member states comply with EU climate change and environmental legislation. Of the total, €4.2 billion is earmarked for energy efficiency and €4.8 billion for renewables.
Improvements to transport infrastructure to reduce emissions get €23 billion for railways and €6 billion specifically for clean urban transport.
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