European Commission launches the first call of the Innovation Fund
3rd July 2020
Topic(s): European Green Deal
The Global CCS Institute welcomes the launch of the first call of the European Commission’s EU ETS Innovation Fund. In supporting EU’s transition to climate neutral economy, the Fund aims to support the demonstration of low-carbon technologies in energy-intensive industries, renewable energy, energy storage, carbon capture and storage (CCS) and industrial carbon capture and use (CCU).
The Fund succeeds the NER300 programme and builds extensively on its learnings. It will pool together around EUR 10 billion depending on the carbon price for the period 2020 to 2030. The Innovation Fund support will be provided in the form of a grant and the size of the grant awarded to a single project could be up to 60% of the additional costs linked to the innovative low-carbon technology applied.
You can find the European Commission’s press release here.
For more information about the Innovation Fund, visit the European Commission’s website here.
For more information on the first call preparation, please read the Frequently Asked Questions here.