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The funding will support 61 initiatives across 19 industrial sectors and 18 European countries, with a focus on reducing polluting emissions within the EU.
A wind turbine stands amid fog in the south of the Hanover region as the sun rises on the horizon. (Foto: Julian Stratenschulte / dpa)
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Brussels (dpa) – The European Commission announced on Monday plans to fund different innovative projects in Europe aimed at reducing climate-damaging emissions with a total of 2.9 billion Euro.
“The focus is on energy-intensive industries, renewable energy and energy storage, net-zero mobility and buildings, cleantech manufacturing and industrial carbon management,” a press release said.
Most of the projects will be based in France, Spain, Belgium, Finland and Norway. Two projects from Germany are also among the awarded initiatives.
The projects have the potential to save around 221 million tons of CO2-equivalent in their first 10 years of operation, the Commission said, which represents the annual emission of almost 10 million cars.
The funding for the grants comes from revenues from the European Union’s emissions trading scheme (EU ETS), which aims to support the bloc’s transition to climate neutrality. (3 November)
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