The European Commission has allocated over €380 million for 133 new projects under the LIFE Programme, with additional funding from various sources, to support environmental sustainability and climate action goals set by the European Green Deal. Projects cover circular economy, nature and biodiversity, climate resilience, governance solutions, and clean energy transition, including initiatives like LIFE GRAPhiREC and LIFE POLITEX. These projects aim to contribute to the EU’s target of becoming climate-neutral by 2050 and halting biodiversity loss by 2030, showcasing a significant investment in the future well-being of the planet and its inhabitants.
Full Article
Italy to slash VAT on art to compete with EU rivals
Italy's right-wing government is set to reduce the value-added tax on art from 22% to 5%, responding to urgent calls from over 500 artists and galleries who warned of a potential collapse in the domestic art market. This tax cut, anticipated to be approved in a Cabinet meeting and requiring parliamentary ratification within 60 days, aims to enhance competitiveness against lower-tax countries like France and Germany. Need More Context? 🔎
Read more