The European Commission has launched a public consultation on the establishment of the Innovation Fund

The EU emissions trading system (ETS) after 2020 foresees the establishment of the Innovation Fund to accelerate the commercialisation of low-carbon technologies. 400 million allowances will be reserved from 2021 onwards for this purpose. In addition, a further 50 million of unallocated allowances from 2013-2020 will be added, together with, as early as 2019, any possible un-used or remaining funds from the NER 300 Programme.

The Fund will support innovation in low-carbon technologies, processes and products in industrial sectors and should stimulate the construction and operation of projects that aim at the environmentally safe capture, use of CO2 (CCU) and its geological storage (CCS), as well as innovative renewable energy and energy storage technologies in the territory of the European Union. Technologies receiving support should not be commercially available yet, but shall be sufficiently mature to be ready for demonstration at pre-commercial scale.

This public consultation will gather the views of the wider public on additional, more detailed, design elements of the Innovation Fund, as an input to the Impact Assessment accompanying the Commission’s proposal for a delegated act.

Deadline: 10 April 2018

Source and access to the consultation:

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