Source: Elza Holmstedt Pell, Environmental Finance

The European Bank for Reconstruction and Development (EBRD) invested €2.6 ($3.43) billion in sustainable energy projects in 2011.

Source: , ENDS Europe

More than half a million jobs could be created in Europe if 14% of the next EU budget for 2014-20 is invested in green sectors such as renewable energy and nature protection, a group of environmental groups has said.

Source: Agnes Sinai, Actu Environment

Le réseau Bankwatch a réalisé une évaluation de la prise en compte des objectifs environnementaux et climatiques dans les investissements soutenus par les fonds de cohésion. La Commission cherche à accentuer leur cohérence écologique.

Source: , Palestine News Network

Brussels/Belgium-A report has just been released highlighting the potential for green job creation in the next EU budget, 2014-20. This analysis builds on previous work by the UNEP and shows that funding of sustainable infrastructures and environmental programs can create employment at a lower cost than the current Common Agricultural and Cohesion policies.

The report was commissioned by an alliance of leading environmental NGOs, and released in the European Parliament to an audience of MEPs.

Source: Jessica Shankleman, Business Green

Green groups call on Commission to redirect budget into environmental sectors, as ministers prepare for next Energy Council meeting in Brussels

The European Commission has been urged to redirect some of its €1tr budget into green sectors such as sustainable transport and energy efficient construction, after a new report found that doing so could boost the number of green jobs by 320 per cent.

Source: Elisabeth Pearl, New Europe

By funding environmental programmes, the European Union can create more jobs at a lower cost, according to a new WWF report by an alliance of environmental non-governmental organisations.

The report found that by giving money to green projects rather than the 2014-2020 budget, thousands of additional jobs can be created. While the EU spent nearly €1 trillion in its last budget, it did not conduct an analysis of job creation.