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More than 25 pct of EU budget goes to low-carbon economy: official

Xinhua, September 7, 2016 Adjust font size:

More than 25 percent of the European Union (EU)'s budget has been devoted to the low-carbon economy, a senior EU official said Tuesday.

Maros Sefcovic, European Commission vice president for Energy Union, made the remarks at an international conference on green economy held in the Slovak capital of Bratislava.

Sefcovic highlighted the "intelligent funding" of intelligent buildings, part of an energy efficiency package which will be unveiled in October.

He also said the European Fund for Strategic Investments, an initiative launched jointly by the European Investment Bank and the European Commission, is working well.

"We've already contracted projects worth more than 100 billion euros (112 billion U.S. dollars) in Europe since the fund was launched. More than half of these projects go for building infrastructures supporting energy efficiency," said Sefcovic. Endi