Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    There will be about 6,650 job cuts at Dell

    February 6, 2023

    Bayern reclaim Bundesliga lead with 4-2 win over Wolfsburg

    February 6, 2023

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Arab WordsmithArab Wordsmith
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Arab WordsmithArab Wordsmith
    Home » EU spent €292 billion on environmental protection in 2021
    News

    EU spent €292 billion on environmental protection in 2021

    June 12, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023

    Pakistan mosque suicide bombing death toll rises to 88

    January 31, 2023

    Somalia faces famine as US urges more donation

    January 30, 2023

    Somalia faces famine as US urges more donation

    January 30, 2023
    Latest News

    There will be about 6,650 job cuts at Dell

    February 6, 2023

    Bayern reclaim Bundesliga lead with 4-2 win over Wolfsburg

    February 6, 2023

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023
    © 2022 Arab Wordsmith | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.