esi funds

The EU budget has an important role to play in promoting climate action in all sectors of the European economy, and in catalysing the investment that will be required to meet the climate targets and ensure climate resilience. Climate action objectives represent at least 20 % of EU spending in the period 2014-2020 and therefore be reflected in the appropriate instruments that will enhance Europe's competitiveness and create more and greener jobs.

The 5 European Structural and Investment Funds (ESI Funds), which account to one third of the EU budget, comprise:

• Cohesion Fund,
• European Social Fund
• European Regional Development Fund
• European Agricultural Fund for Rural Development
• European Maritime and Fisheries Fund

With regard to climate action, the ESIF will contribute to:

• Ensuring that Member States and the EU comply with their mitigation commitments and contribute to global climate change mitigation.
• Ensuring the resilience of Europe to climate change.
• Capitalizing on the business opportunities resulting from a growing global demand for cost-efficient and effective adaptation and mitigation solutions.