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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. What is LIFE Programme?. L ’ I nstrument F inancier pour l’ E nvironnement.
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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
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
Types of LIFE projects At least 81% of the LIFE budget (approx. EUR2,800 million): • Traditional Projects • Integrated Projects • Technical assistance • Capacitybuilding • Preparatoryprojects
"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%
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
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
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
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
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