Launched in 2020, with a total estimated budget of €40 billion, this mechanism aims, for the next 10 years, to decarbonise European industry by financing innovative projects that demonstrate a significant reduction in greenhouse gas (GHG) emissions.
Funding is generated through the EU’s Emissions Trading System (ETS), which is the cap-and-trade system in which polluters pay for the GHG emitted. The ETS is the first international emission trading scheme and the cornerstone of the EU's climate policy since its launch in 2005.
This Innovation Fund focuses on energy-intensive industries; renewable energies; energy storage; carbon capture, utilisation and storage; mobility and net-zero emission buildings.
It finances major projects (minimum €2.5 million in CAPEX) that deploy or develop innovative technologies to significantly reduce GHG emissions.
During the information day, participants will be able to better understand who the fund is intended for and what type of projects it supports through presentations, round tables and sharing of experience.
Representatives of the European Commission, European Investment Bank, national institutional stakeholders and corporate partners will answer questions and share their expertise.
As the national contact point for this programme, Luxinnovation provides support and follow-up to any entity interested in applying for funding through the EU Innovation Fund.
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