24 / 09 / 2020
The European Commission (EC) DG CLIMA recently launched a first call for large-scale projects for its Innovation Fund, which is open until 29 October 2020. The Innovation Fund delegated regulation defines as ‘large-scale’ projects with capital expenditure above €7.5 million, and as ‘small-scale’ projects below this threshold.
The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies and will be financed by revenues from the auctioning of allowances under the EU Emissions Trading System and may amount to about €10 billion, depending on the carbon price.
According to the EC, the Innovation Fund will: