Europe can be climate-neutral by 2050. That was the message from Ursula von der Leyen, when she was elected last year as the first female President of the European Commission.
Funding innovations that can achieve this goal will be critical. To support the European mission to deliver a sustainable future, a multi-billion euro Innovation Fund has been set up. And its first call is offering €1 billion in grant funding to accelerate large-scale clean tech projects.
“This call for proposals comes at just the right time. The EU will invest €1 billion in promising, market-ready projects such as clean hydrogen or other low-carbon solutions for energy-intensive industries like steel, cement and chemicals,” said Frans Timmermans, Executive Vice-President of the European Commission. “We will also support energy storage, grid solutions, and carbon capture and storage. These large-scale investments will help restart the EU economy and create a green recovery that leads us to climate neutrality in 2050.”
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