16 Jul 2021
Green Deal proposals recognise importance of research and innovation
On 14 July 2021, the European Commission adopted a broad set of proposals to make the EU's climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. With the proposal 'Fit for 55: delivering the EU's 2030 Climate Target on the way to climate neutrality‘, the Commission has presented the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform the European economy and society. Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050 and making the European Green Deal a reality.
To achieve this, the European Commission’s latest Green Deal proposals recognise the importance of research and innovation, in promoting smart, future-oriented policies and encouraging technological and social innovation. 30% of programmes under the 2021-2027 Multiannual Financial Framework are dedicated to supporting climate action. The target of using 35% of research and innovation funding under Horizon Europe for green investments as well as the various partnerships and missions under the programme provide necessary resources for building sustainable and innovative solutions to the green transition. Horizon Europe provides substantial support for SMEs, in particular start-ups and spinout companies to develop and scale up disruptive innovations.
A fact sheet highlighting the Research & Innovation (R&I) policy contributions can be found here: