Environment
Boosting the EU's green recovery: Commission invests €1 billion in innovative #CleanTechnology projects
Green Deal Executive Vice President Frans Timmermans
The Commission has launched the first call for proposals under the Innovation Fund, one of the world's largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU's Emissions Trading System.
The Innovation Fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. It will provide a boost to the green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.
European Green Deal Executive Vice President Frans Timmermans (pictured) said: “This call for proposals comes at just the right time. The EU will invest €1 billion in promising, market-ready projects such as clean hydrogen or other low-carbon solutions for energy-intensive industries like steel, cement and chemicals. We will also support energy storage, grid solutions, and carbon capture and storage. These large-scale investments will help restart the EU economy and create a green recovery that leads us to climate neutrality in 2050.”
A press release is available online.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Stepping out...to get the UK back in European Union
Improving energy efficiency of buildings to reduce bills and save energy
Energy use in the industry sector continues to decline
DG Translation in a city near you: June events
The role of quality assurance in advancing inclusive upper secondary VET in Slovenia
Europe must not turn its back on rural women’s empowerment
Commission accelerates transition away from animal testing in chemical safety assessments
Counterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims
Inconvenient questions about Andorra and San Marino that Brussels should be asking
How digital wallets are changing the way Welsh consumers pay for online services
Impasse in European Union Tobacco Tax Reform: The Swedish veto
EU Cybersecurity Act could expose member states to costly investment treaty claims, legal opinion warns
Várhelyi says unilateral measures by the US against the EU ‘would not be justified’
Libya’s fuel crisis offers lessons for energy security on both sides of the Mediterranean
490+ experts call for €10 billion ring-fenced health allocation in EU budget
ENVI opinion signals early resistance to Biotech Act SPC extension
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
