The Cohesion Fund is a structural instrument designed to support the least prosperous Member States to help catch-up with other Member States and to stabilize their economies while supporting sustainable development. It finances major projects in the fields of transport, energy and environmental protection.
The Programme supports investments in the environment, including areas related to sustainable development and energy which present environmental benefits; trans-European networks in the area of transport infrastructure; technical assistance. The Cohesion Fund supports the shift towards a low-carbon economy; promotes climate change adaptation, risk prevention and management; promotes climate change and promotes resource efficiency; and promotes sustainable transport and the removal of bottlenecks in key network infrastructures.
Part of the Cohesion Fund allocation (€10 billion) will be ring-fenced to finance core transport networks under the "Connecting Europe" Facility. The Cohesion Fund can also support projects related to energy, as long as they clearly present a benefit to the environment, for example by promoting energy efficiency and the use of renewable energy.
The Managing Authority responsible for the above mentioned funds is the Planning and Priorities Coordination Division (PPCD).
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