This Challenge includes a vast array of activities to improve European competitiveness and wellbeing through environmental action. In the future, resources will become more scarce and more expensive. Modern economies will have to adapt and become more resilient to climate change, use resources more efficiently but also remain competitive.
EU policy supports this through eco-innovation through technology, but also economic and organisational change. The global market for eco-innovation has an estimated worth of around EUR 1 trillion per year and will triple by 2030. Eco-innovation is therefore an important opportunity to make European economies more competitive, creating employment.
Environmental problems are complex and do not stop at borders. Research and innovation at a European level is needed to address them successfully. At the same time, many disciplines have to be involved: science, technology (including ICT), the economy, society, policy and governance.
In this context, the 2016-2017 Work Programme foresees projects in the following domains. They are all subsumed within a single call, Greening the Economy:
The programme also includes a Fast track to innovation pilot and Other actions.
The budget for 2016-2017 will be about EUR 726 million.