Innovation Fund — Large-Scale Projects
Funds large European demonstrations of low-carbon technologies through high-impact industrial decarbonization projects.
The EU Innovation Fund is one of the world's largest funding programmes for first-of-a-kind low-carbon demonstration projects, financed by revenues from the EU Emissions Trading System (ETS). The total programme budget is approximately €40 billion for 2020–2030, based on an assumed ETS carbon price of €75 per tonne. To date the Fund has awarded approximately €15 billion to around 260 projects acro…
First-of-a-kind demonstration of innovative low-carbon technologies. Areas: energy-intensive industries, renewables, energy storage, net-zero mobility, buildings, hydrogen, carbon capture use and storage (CCUS).
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