EU invests €3.6 bln in innovative projects related to clean technologies
15:03
The European Union has decided to allocate €3.6 billion from emissions trading revenues to innovative projects in the field of clean technologies.
The Commission has allocated over €3.6 billion to 41 large-scale projects in the field of clean technologies, to be financed from the EU's innovation fund. These projects focused on the REPowerEU plan and the gradual phasing out of imports of Russian fossil fuels in Europe, encompassing a wide range of industrial sectors, such as cement, steel, advanced biofuels, sustainable aviation fuels, wind, and solar energy, as well as renewable hydrogen and its derivatives. The funding will contribute to greening key sectors of the European economy, particularly those where emissions reduction is challenging.
