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03 Jul 2020

First call for proposals under Innovation Fund launched

On 3 July 2020, the European Commission launched the first call for proposals under the Innovation Fund, one of the world's largest programmes for the demonstration of innovative low-carbon technologies. The fund is financed by revenues from the auction of emission allowances from the EU's Emissions Trading System and will allocate around €10 billion for the period 2020-2030. The aim of the Innovation Fund is to finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. It is designed to boost the green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.

The call is open for projects in eligible sectors from all EU Member States, Iceland and Norway. The funds can be used in cooperation with other public funding initiatives, such as State aid or other EU funding programmes.

EC Press Release

Innovation Fund
 

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