The European Commission has selected 85 Net Zero projects to receive €4.8bn in grants from the Innovation Fund – the largest since the fund started four years ago.
Selected projects cover 18 countries (Belgium, Denmark, Germany, Estonia, Greece, Spain, France, Croatia, Italy, Hungary, Netherlands, Austria, Poland, Portugal, Slovakia, Finland, Sweden and Norway) and range of sectors including energy-intensive industries, renewable energy, energy storage, industrial carbon Management, Net Zero mobility (including maritime and aviation) and buildings.
They will start operation before 2030 and over their first ten years of operation are expected to reduce emissions by about 476 million tonnes of carbon dioxide (CO2) equivalent.
This will contribute to European decarbonisation objectives, reducing emissions from hard-to-abate sectors, strengthen European industrial manufacturing capacity and reinforce Europe’s technology leadership and supply chain resilience.
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