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EU net-zero projects get EUR4.8 billion investment from ETS revenues

( October 23, 2024, 12:18 GMT | Official Statement) -- MLex Summary: The European Commission has selected 85 innovative net-zero projects in 18 countries to receive 4.8 billion euros from the Innovation Fund, a funding program for the deployment of low-carbon technologies financed by Emissions Trading System revenues. The awarded projects cover a wide range of sectors, including energy-intensive industries, renewable energy, net-zero mobility and buildings. "The fund is once again demonstrating how the EU ETS is a great tool in reducing emissions, and funding the projects we need to build a climate-neutral and competitive Europe," said climate commissioner Wopke Hoekstra.Press release follows. ...

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