European Union External Action

Boosting the EU's green recovery: Commission invests €1 billion in innovative clean technology projects

Brussels, 03/07/2020 - 12:00, UNIQUE ID: 200706_1
Press releases

EU News 181/2020

The Commission is launching today 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.

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