An investment programme worth more than €10bn ($11.4bn) for low-carbon technologies has been launched by the European Commission.
One of the world’s largest funding programmes for climate action, the European Commision’s ETS Innovation Fund will support the deployment of carbon capture and storage (CCS), technologies and processes in energy intensive industries, renewable energy generation and carbon capture and utilisation (CCU).
Commissioner for Climate Action and Energy Miguel Arias Cañete said, “Less than three months after adopting our strategic vision for a climate neutral Europe by 2050, we are putting the money where the mouth is.”
“Our objective is to keep building a modern, competitive and socially fair Paris-aligned economy for all Europeans. For this to happen, we will need deployment of clean innovative technologies on an industrial scale.”
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