Regulation (EU) 2021/783 establishing a Programme for the Environment and Climate Action (LIFE) 2021-2027

Establishes the LIFE programme, the EU's dedicated funding instrument for environment and climate action, with a EUR 5.4 billion budget for 2021-2027 including a 'Circular Economy and Quality of Life' sub-programme. It provides grants and co-financing for circular-economy pilots, waste-prevention, recycling infrastructure and eco-innovation projects. The mechanism is direct financial support that de-risks and scales circular business models and public initiatives.