Funding resources of up to 50 M€ to be allocated to projects that contribute to addressing climate change

The Council of Ministers agreed on April 26 to create a reimbursable funding line of an amount of up to 50 M€ for projects addressing climate change. The Firm Internationalization Fund (FIEM), and in particular the ECOFIEM line, will provide the resources to be allocated under OCDE commercial conditions. The proposal for the creation of this funding line was made to the Council by the Ministry of Industry, Commerce and Tourism.

The availability of these additional resources will contribute to the fulfilment of commitments made by Spain under the Paris Agreement of the United Nations Framework Convention on Climate Change, pursuant to financing climate actions in developing countries.