EU Industrial Carbon Management Strategy

What is industrial carbon management? Industrial carbon management involves the use of a range of technologies to capture, store, transport and use CO2 emissions from industrial facilities, as well as to remove CO2 from the atmosphere. The EU Industrial Carbon Management Strategy seeks to develop these technologies and the regulatory and investment framework to support them.  It Read more about EU Industrial Carbon Management Strategy[…]

Commission launches first European Hydrogen Bank auction

The Commission launched today the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of renewable hydrogen can bid for support in the form of a fixed premium per kilogram of hydrogen produced. The premium is intended to bridge the gap Read more about Commission launches first European Hydrogen Bank auction[…]

€4 billion call for proposals for net-zero technologies

The Commission is today opening the Innovation Fund’s 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from the EU Emissions Trading System (EU ETS), underlining the importance of carbon pricing for the green transition. The Commission has increased the overall funds available, and Read more about €4 billion call for proposals for net-zero technologies[…]

€100 million for innovative small-scale clean tech projects

The European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. Financed by revenues from the auctioning of emission allowances from the EU’s Emissions Trading System (EU ETS), this call for small-scale projects will further boost the deployment of Read more about €100 million for innovative small-scale clean tech projects[…]

Over €1 billion for the EU climate transition

The Commission signed grant agreements of €1.1 billion with seven large-scale projects via the EU Innovation Fund, funded by revenues from the EU’s Emissions Trading System (ETS). These projects aim to reduce emissions by over 76 Mt of CO2eq during the first ten years of operation. The seven projects are deploying innovative low-carbon technologies at Read more about Over €1 billion for the EU climate transition[…]

What is the EU-Catalyst partnership?

The EU-Catalyst partnership brings together the Commission, the European Investment Bank and Breakthrough Energy Catalyst. It was first announced at the Mission Innovation Ministerial Conference in June 2021 by Commission President Ursula von der Leyen and Bill Gates, founder of Breakthrough Energy. The partnership will mobilise up to €820 million ($1 billion) between 2022-2026 to accelerate the deployment and rapidly commercialise innovative Read more about What is the EU-Catalyst partnership?[…]

€1 billion in innovative clean technology projects

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, Read more about €1 billion in innovative clean technology projects[…]