The EU will Invest $11.4 Billion in Clean Technologies

The European Commission launches an investment programme worth more than $11.4 billion for low-carbon technologies, renewable energy generation, and industry innovations.

On 28th November 2018, the EC adopted A Clean Planet for all – a strategic vision for a modern, competitive, socially-fair and climate neutral European economy by 2050.

Commissioner for Climate Action and Energy Miguel Arias Cañete explained, “This is why we are investing in bringing to the market highly innovative technologies in energy intensive industries, in carbon capture, storage and use, in the renewable energy sector and in energy storage.”

The programme aims at getting new high-value patents for realistic clean energy technologies to realize the following purposes of the European Commission:

  • Decarbonisation of European economy and development of renewable energy technologies on the way to the climate neutral Europe;
  • Preserving competitiveness of European countries by deployment of clean innovative technologies on an industrial scale in construction, industry, transport, agriculture and energy sectors, and increasing exports of sustainable products and solutions

The European Commission is going to launch the first call for proposals under the programme’s Innovation Fund in 2020, followed by regular calls until 2030.

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