EU News - March, 11 2025
Innovation Fund: €4.2 billion to support 77 cutting-edge decarbonisation projects for EU’s clean energy transition
Today, 77 decarbonisation projects have signed their grant agreements following the announcement of the Innovation Fund 2023 Call (IF23) results in October 2024. The selected projects from 18 European countries are expected to enter into operation between 2025 and 2031. The funding comes from the revenues of the EU Emissions Trading System. The grants range from €1.4 million to €262 million for projects with the potential to reduce emissions by some 397.6 million tonnes of CO2 equivalent over their first ten years of operation.