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Investing in EU green economy: LIFE as a catalyst of shift from linear to circular model

Discover how the LIFE Program catalyzes the shift to a circular model in EU's green economy, with a focus on green innovation, job creation, and circular projects. Learn about the funding opportunities provided by LIFE, including projects supporting sustainability and market maturity. Find out how close-to-market initiatives are driving the transition towards circular practices and creating a sustainable economy. Explore successful examples of circular economy projects funded by LIFE, such as green composite sinks, vehicle recycling, and innovative roofing material recycling. Unveil the role of the LIFE Program in helping projects access green financing and support SMEs on their path to securing investments for sustainable initiatives. Join us in shaping a greener future with LIFE!

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Investing in EU green economy: LIFE as a catalyst of shift from linear to circular model

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  1. Investing in EU green economy: LIFE as a catalyst of shift from linear to circular model Angelo Salsi Head of Unit, LIFE & CIP Eco-Innovation EASME TECHITALY 2016, CIRCULAR ECONOMY 30 November 2016

  2. What is LIFE Programme? L’InstrumentFinancier pourl’Environnement  Programme for the Environment and Climate Action • The only EU financial instrument dedicated exclusively to environment • Since 1992 over 4000 projects co-financed - representing an investment of EUR 7.2 billion, of which LIFE contributed ~ EUR 3.4 billion • Beneficiaries: SMEs, large companies, public sector, environmental NGOs etc • There is a call for proposals every year • LIFE budget for 2014-2020 set at EUR 3.4 billion

  3. LIFE 2014-2020 Budget

  4. Types of LIFE projects At least 81% of the LIFE budget (approx. EUR2,800 million): • Traditional Projects • Integrated Projects • Technical assistance • Capacitybuilding • Preparatoryprojects

  5. "Traditional" projects Targets: • Companies (SMEs & large), public administrations and NGOs active in the field of environment and climate protection Average size: • 1 to 5 beneficiaries; • EU contribution: €500,000 to €1.5 million Co-financing rate: • 60-75%

  6. LIFE helping "Close-to-market projects" • LIFE supporting green innovation since its start in early 1990s • Today – reinforced focus within LIFE on CLOSE-TO-MARKET PROJECTS • Increased emphasis on sustainability, transferability and replication • LIFE's role also for the economy and job creation • LIFE's comparative advantage: • LIFE projects are monitored from the start • detecting the promising ones at a very early stage • accompanying them throughout their implementation towards market maturity

  7. LIFE as a catalyst of shift from linear to circular economy • LIFE finances projects demonstrating viability of circular economy since 1992 (e.g. over 670 waste reduction, recycling, re-use projects totalling to over ~EUR 1 billion of EU funding) • LIFE continues supporting circular economy: • In the 2007-2013 period over EUR 164 million invested by LIFE into waste projects alone; over 165 projects representing an overall investment of more than EUR 430 million • Only in-between 2014-2015 period over EUR 100 million invested into over 80 circular economy projects. LIFE funding together with national co-financing lead into creation of an economy totalling to over EUR 200 million • Further strengthening of LIFE's focus on circular economy foreseen

  8. Helping our projects access green financing NEEDS • Recurrent requests from projects for assistance with access to finance • Turning need to demand: companies face need for investments but lack knowledge how to access financing. • Technical assistance required: majority of companies would welcome support in addressing financing & investment requirements to make themselves more investable RESPONSE • We provide ad-hoc support to projects seeking financing • We plan establishing a system to be able to identify and support all promising projects towards market uptake and investments • We plan reinforcing the role of LIFE as a catalyst and pre-opener for SMEs on their road towards other financing programmes and instruments

  9. LIFE: Some examples of CE projects • LIFE GREEN SINKS (Italy)Realization of green composite sinks substituting organic and mineral primary materials by recovered waste • LIFE12 ENV/IT/000736 • Website | Layman • ICARRE 95 (France) • Industrial Platform Demonstrator to achieve 95% recycling of the "end-of-life vehicle"LIFE10 ENV/FR/000202 • Website|Layman • From Roof to Road (Denmark)From Roof to Road - Innovative recycling of bitumen felt roofing materialLIFE07 ENV/DK/000102Website | Layman • Usa e Riusa - Use and ... Reuse (Italy) • The "processing centre" in the logistics of packaging of fresh fruit and vegetable productsLIFE99 ENV/IT/000034 • Website | Web summary/Layman

  10. THANK YOU FOR YOUR ATTENTION Thank you for your attention! Angelo.Salsi@ec.europa.eu More information on:  http://ec.europa.eu/environment/life/index.htm Follow LIFE on: TWITTER @eu_ecoinno@LIFE_Programme facebook.com/LIFE.programme flickr.com/life_programme

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