EU invests nearly 3 billion euros in zero-emission technologies

EU đầu tư gần 3 tỷ Euro vào các công nghệ không phát thải

The selected projects cover 19 industrial sectors in 18 member states, with funding from the European Union (EU) Innovation Fund and revenues from the European Emissions Trading System. According to the EC, these 61 projects are expected to help reduce approximately 221 million tonnes of carbon emissions equivalent in the first 10 years of operation, helping to strengthen the EU's position in global green technology development.

With an estimated €40 billion in revenues from the EU Emissions Trading System, the Innovation Fund continues to play a central role in promoting investment in advanced, low-carbon and carbon-neutral technologies. It is a key financial instrument for Europe’s transition to a low-emissions economy , energy independence and global competitiveness.

The latest call attracted 359 applications, with a total funding need of €21.7 billion, more than nine times the available budget of €2.4 billion. This overwhelming interest demonstrates the technical and strategic maturity of the European net zero technology sector, and demonstrates the bloc’s strong commitment to delivering the Clean Industry Deal. To date, the total number of projects supported by the Innovation Fund has exceeded 270, with a total funding value of €15.6 billion.

Projects are selected through an independent expert assessment process, based on rigorous criteria such as greenhouse gas emission reduction potential, innovation, maturity, replicability and cost-effectiveness. This transparent process ensures that financial resources are allocated efficiently, towards solutions with real and sustainable impact.

In addition, in 2024, the EC will also launch a separate call for electric vehicle battery projects and organize a second renewable hydrogen auction under the European Hydrogen Bank under the Innovation Fund. Contracts for these two programs are expected to be signed before the end of the year, contributing to expanding the scope of green support policy.

The Commission said it is preparing to open the next round of calls for funding from the Innovation Fund in early December 2025. This will be the next step in a long-term strategy to boost investment in clean technology, strengthen the competitiveness of European industry and bring the region closer to achieving climate neutrality by the middle of the 21st century.

Source: https://vtv.vn/eu-dau-tu-gan-3-ty-euro-vao-cac-cong-nghe-khong-phat-thai-100251104215133911.htm