The international literature reveal numerous debates on sustainability of EU Cohesion Policy, among this debates another issues is reveal the absorption capacity of member state. According to the objectives of Cohesion Policy the financial programmes will contribute to economical growth, absorption of best available technology, create an attractive business environment and jobs. More than 30% of the regional policy budget for 2007-2013, €105 billion will be invested in the "green economy”. The paper synthesis the main aspects of cohesion policy and analyses the investment in green economy.