31.4 C
May 28, 2023
Egypt Bulletin

EU spent €292 billion on environmental protection in 2021

Eurostat, the European Union’s statistical office, reported that the EU’s expenditure on environmental protection reached €292 billion in 2021, including investments and consumption. Spending on environmental protection has increased by 54% since 2006, increasing by over 3% annually. Over the last 15 years, expenditure on environmental protection has remained about 2.0% of GDP. The data comes from current environmental protection expenditure accounts published by Today.

EU spent €292 billion on environmental protection in 2021The corporate share of environmental protection expenditure was 55% in 2021, similar to previous years. A total of 24% of expenditures came from government and non-profits, while 21% came from households. Spending increased across all three institutional sectors: 62% in the corporate sector, 41% in government and non-profits, and 52% in households.

In the general government and non-profit sector, waste management and wastewater treatment made up 28 percent and 23 percent, respectively, of total expenditures in 2021. Data show that 24% of total expenditure was devoted to research and development. This is followed by 13% to biodiversity and landscape protection, and 11% to air, soil, and groundwater protection, noise reduction, and radiation protection.

Corporations spent 27% of their budgets on wastewater and 56% on waste management in 2021. Environmental protection accounted for 7% of budgets. The remaining 10% was allocated to protect soil and groundwater, biodiversity, noise reduction, radiation protection, and environmental research and development.

The EU invested €59 billion in assets essential to providing environmental protection services in 2021, €5 billion more than in 2020. The services included wastewater treatment plants, vehicles for transporting waste, and land acquisition for the creation of a natural reserve as well as cleaner equipment for producing less pollution.

Related posts

UAE – Cuba to boost parliamentary ties

Flood toll rises in Pakistan, 25 children are among the 57 more deaths

UAE program to promote quality of life fully endorsed by World Health Assembly

Argentina unearths remains of an armor-plated dinosaur

Sheikh Mansour bin Zayed meets with Kyrgyz Prime Minister to bolster ties


Lebanon loses voting rights in the 193-member UN General Assembly