The European Commission is to channel €5.2bn in revenues from the Emissions Trading Scheme into clean transition technologies under the Innovation Fund.
Revenues will be directed into the Net Zero Technologies call (€2.9bn), the third auction for the European Hydrogen Bank (€1.3bn), and Industrial Decarbonisation Bank (€1bn).
The Net Zero Technologies call supports decarbonisation projects that have a significant potential to reduce greenhouse gas emissions and focuses on the manufacturing of components for renewable energy, including hydrogen production and energy storage.
The third auction under the European Hydrogen Bank is designed to provide support for the production of renewable fuels of non-biological origin (RFNBO) hydrogen or electrolytic low-carbon hydrogen across three topics; RFNBO and low-carbon hydrogen, RFNBO hydrogen only and a new topic for producers of hydrogen with maritime or aviation off takers.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Thursday, 11th December at 11:39AM