Europe will invest 5.8 billion euros through the “Horizon” program for green Research and Innovation.
Funds of € 14.7 billion through the Horizon Europe program will be invested by Europe in the period 2021-2022. In the next two years, the European Commission will invest this amount of funds into Horizon Europe for a greener, healthier and more digital Europe. More specifically, 40% of this budget will be invested in “green” research and innovation. The EU’s goal is to “lead” the way to a “greener” and more sustainable world.
These investments will accelerate the green and digital transition and contribute to a sustainable recovery from the coronavirus pandemic, as well as to the European Union's resilience to future crises. They will also support European researchers through scholarships, training and exchanges, build more connected and efficient European innovation ecosystems, and build world-class research infrastructures. In addition, they will encourage the participation of researchers from all over Europe and around the world, while strengthening the European research area.
The main purpose of the European Union is to support a European "Green Deal" and the Union's commitment to make the EU the world's first climate-neutral continent by 2050. The funds will be used to support projects that promote scientific research on climate change and develop solutions to reduce greenhouse gas (GHGs) emissions and adapt to climate change. Moreover, the development of basic digital technologies will be enhanced by approximately € 4 billion for the period 2021-2022. Making this decade Europe's digital decade and further developing the foundations for new digital businesses in the future are also key objectives of the program, the implementation of which will ensure a significant increase in investment in this area.
Finally, the above actions will accelerate the transition to clean energy and support the circular economy and the bioeconomy.