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Clean energy projects receive nearly EUR3 billion in investment from EU Commission

( June 24, 2024, 12:39 GMT | Official Statement) -- MLex Summary: The European energy sector has seen the EU invest 2.96 billion euros into 39 energy projects across 10 member states through the Modernization Fund, financed by revenues from the auctioning of emissions allowances under the EU’s Emissions Trading System. These investments aim to help the member states meet their climate and energy targets by supporting the modernization of energy, improving energy efficiency, and reducing greenhouse gas emissions in the energy, industry and transport sectors. The proposals that received funding include the production of renewable hydrogen in Slovakia and reinforcement of the electricity transmission grid in Bulgaria.Statement follows....

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