With €105 billion available in the current EU budget for sustainable growth, the European Commission has issued a Communication titled "Regional Policy Contributing to Sustainable Growth in Europe 2020," urging the use of EU regional policy funds to finance sustainable growth projects.
Priorities for investment fall into three areas: energy efficiency, renewables and decarbonizing transport; protection of ecosystem services, biodiversity, adaptation to climate change, including screening for climate resilience, and natural disaster prevention; and eco-innovation through the deployment of information and communication technologies and "green clusters."
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