As part of the next long-term EU budget 2021-2027, the European Commission is today proposing to renew the 'Connecting Europe Facility', with a budget of €42.3 billion to support investments in the European infrastructure networks for transport (€30.6 billion), energy (€8.7 billion) and digital (€3 billion).
This represents a 47% increase compared to 2014-2020 (Comparison in current prices for EU-27 in 2014-2020 vs. EU-27 in 2021-2028. The increase is of 29% in constant prices of 2018.), showing the EU's commitment to a well-connected and integrated Union where citizens and businesses can fully benefit from free movement and the single market. For 2021-2027, the Commission is proposing to strengthen the environmental dimension of the Connecting Europe Facility, with a target of 60% of its budget contributing to climate objectives. This will help reinforce the Energy-Union, fulfil the EU's commitments under the Paris Agreement and consolidate Europe's global leadership in the fight against climate change.
The Commission's proposal aims to better integrate the transport, energy and digital sectors, in order to accelerate the decarbonisation and digitalisation of the EU's economy. Clean mobility solutions – such as electric mobility – for instance require a close integration between the transport and energy sectors. Other examples include autonomous mobility, energy storage and smart grids.
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