Preparing the ground for adaptation
Estimate human and financial resources needed and identify potential sources of funding for the long term
Funding is available in several EU funding instruments, some national, regional and local funds, as well as from some international financing institutions, such as the European Investment Bank or the European Bank for Reconstruction and Development. Accessing and combining funding, especially from public and private sources below the EU level, is crucial. EU programmes which are most likely to provide co-funding under shared management for adaptation (many already do) include: the CAP (mainly the European Agricultural Fund for Rural Development); the Cohesion fund; the European Regional Development Fund (particularly through INTERREG); Horizon 2020, the EU's new programme for research and innovation which aims to allocate 35% to climate-related expenditure; the European Social Fund; the European Maritime and Fisheries Fund.
Other key sources of EU funding include the LIFE programme and the Competitiveness and Innovation Framework Programme, targeting mostly small and medium enterprises.
When implementing adaptation action, mainstreaming that aims to create synergies and prevent unnecessary costs will become crucial. Adaptation action can be integrated at low cost into existing instruments for sectoral policies.
The following funds provide opportunities for financing adaptation activities:
EU funding instruments and financing institutions
- Cohesion policy 2014-2020
- The EU Framework Programme for Research and Innovation – Horizon 2020
- LIFE+ funds beyond 2013
- The Common Agricultural Policy (CAP) after 2013
- Union Civil Protection Mechanism
- European Investment Bank (EIB)
Adaptation funding under the UNFCCC