The Commission is today opening the Innovation Fund's 2023 call for proposals with a record budget of €4 billion to support the deployment of innovative decarbonisation technologies. The call is funded by revenues from the EU Emissions Trading System (EU ETS), underlining the importance of carbon pricing for the green transition. The Commission has increased the overall funds available, and doubled the budget allocated for cleantech manufacturing projects compared to the previous call. €1.4 billion are  available to strengthen industrial manufacturing capacity, technology leadership, and supply chain resilience in Europe.