Established on 15 February 2021,[better source needed][3] with a budget of €50 billion for the 2021-2027 period, it started work on 1 April 2021 in order to implement parts of certain EU programmes.
On 1 April 2021, the European Climate, Infrastructure and Environment Executive Agency (CINEA) officially started its operations.
For the Connecting Europe Facility (CEF), which supports the deployment of infrastructure across Europe, CINEA continues to manage CEF Transport and Energy CINEA also continues to manage the implementation of the Innovation Fund, a key funding instrument supporting the European Commission's strategic vision of a climate neutral Europe by 2050.
CINEA further expanded its focus on environmental, nature conservation, climate action and clean energy projects as it took over the implementation of the LIFE programme The Agency also took on the European Maritime, Fisheries and Aquaculture Fund (EMFAF), which aims to better target public support to the Common Fisheries Policy, the Unions's Maritime Policy and the EU's agenda for international ocean governance.
[5] CINEA manages two new mechanisms contributing to renewable energy and climate neutrality.