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The Innovation Fund, a funding programme for low-carbon technologies

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The EU launched applications for its Innovation Fund, one of the largest funding programmes for low-carbon technologies

 

It aims to support technologies, processes and products that tackle greenhouse gases emissions by offering financial supportattracting additional public and private resources. 10 billion euros will be allocated to projects that meet the challenges of tomorrow for the period 2020-2030. The fund is financed by revenues from the auctioning of allowances under the EU emissions trading system (ETS). 

 

It focuses on: 

 

 -Innovative low-carbon technologies and processes in energy-intensive industries, including products substituting carbon-intensive ones.

 

 -Construction and operation of carbon capture and storage

 

 -Innovative renewable energy generation

 

 -Energy storage

 

Eligibility

 

Eligible countries for the projects are EU Members, Norway and Iceland. You can read more about eligibility and admissibility conditions in Section 4 and 5 of the call document

 

How can you apply? 

 

You must apply before the deadline on 29 October 2020 5 pm CET

 

To apply, please follow the instructions and use the Electronic Submission Service (by clicking on "Start Submission) that you will find on this webpage

 

If you have any questions about applications, you can either visit the EU Funding and Tenders Portal or directly ask a question on the Helpdesk page

 

Source: managenergy.eu