Finance for innovation: Towards the ETS Innovation Fund
The European Commission adopted on 15 July 2015 a legislative proposal to revise the EU emission trading system (EU ETS), which includes the creation of an Innovation Fund. The Innovation Fund should be endowed with 450m allowances to support large-scale demonstration of activities in carbon capture and storage, renewable energy and low-carbon innovation in energy intensive industry, including carbon capture and use.
The "Finance for innovation: towards the Innovation Fund" expert consultations, initiated in January 2017, have been completed. The European Commission gathered the key recommendations from more than 250 experts from energy intensive industries, renewables, energy storage, and carbon capture and storage sectors. Summary report is available here.
For more information please visit https://ec.europa.eu/clima/events/articles/0115_en