EU invests €4.8 billion of emissions trading revenue in innovative net-zero projects

The Commission has today selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, which will help bring cutting-edge clean technologies to life across Europe. For the first time, as part of the call for proposals until 2023, projects of various scales (large, medium and small, in addition to pilot projects) and with a focus on the production of clean technologies are awarded. This is the largest amount since the launch of the Innovation Fund in 2020, which the total amount of support increased to EUR 12 billion and the number of projects increased by 70 % .

The selected projects are located in 18 countries: Belgium, Denmark, Germany, Estonia, Greece, Spain, France, Croatia, Italy, Hungary, the Netherlands, Austria, Poland, Portugal, Slovakia, Finland, Sweden and Norway. They cover a wide range of sectors from the following categories: energy intensive industries, renewable energy, energy storage, industrial carbon management, zero mobility (including maritime and aviation) and buildings. (More on ec.europa.eu)