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€273 Billion Spent By EU Members on Environmental Protection in 2020

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BM.GE
08.07.21 22:00
552
In 2020, national expenditure on environmental protection (NEEP) of the EU Member States amounted to €273 billion. Rising on average by over 2% each year, NEEP increased by 40% since 2006. 
 
As a percentage of gross domestic product (GDP), expenditure on environmental protection remained relatively stable for the last fifteen years (between 1.8% and 2.0% of GDP).
 
This information comes from data on environmental protection expenditure accounts published by Eurostat. 
 
Corporations’ spending represents the largest share of the environmental protection expenditure, accounting for 57% of the total in 2020. The contribution of the general government and non-profit sector and of households are much smaller, at 22%, and 21% respectively of the total in 2020. 
 
The share of investments in the total environmental protection expenditure was 20% (€54 billion) in 2020.