CO2

Commission invests €2.9 billion from the Innovation Fund to boost net-zero technology projects

Today, the European Commission announced a total of €2.9 billion in funding to 61 cutting-edge net zero technology projects. The funding comes  from the Innovation Fund, using revenues from the EU Emissions Trading System (EU ETS). These grants follow a first call for net-zero technologies (IF24 Call), launched in December 2024, aiming to strengthen Europe's […]

European Hydrogen Bank auction provides €720 million for renewable hydrogen production in Europe

Today, the Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank. The funds for this auction come from the revenues of the EU Emissions Trading System. The winning bidders will produce renewable hydrogen in Europe and will receive a […]

EU announces €175m financial support to reduce methane emissions at COP28

Climate super-pollutants - including methane, nitrous oxide, hydrofluorocarbons, and tropospheric ozone - are responsible for over half of today's warming.  Under the Global Methane Pledge, launched by the EU and the US, more than 150 countries are now  implementing a collective goal of reducing global anthropogenic methane emissions by at least 30% by 2030, from […]