Innovation Fund Driving low- Regulatory First tool to carbon Framework implement technologies adopted on Long-Term to the 26 February Strategy market 2019
Renewable CCUS energy Driving low-carbon technologies to the market Energy-intensive Energy storage industries
Key features of the Innovation Fund Support of up to Volume of at least First call expected 60% of additional EUR 10 billion at for 2020 and costs related to current carbon regular calls up to innovative prices 2030 technology Support of Comprehensive Financed from the additional capital selection criteria revenues of the EU and operating and project Emissions Trading costs (up to 10 development System years) assistance
Synergies – Innovation Fund Roll-out Research Demonstration Infrastrucuture Connecting Horizon Europe Facility Europe Innovation Modernisation Fund Fund Partnerships Cohesion Funding InvestEU Member State Funding
Timeline – Innovation Fund
https://ec.europa.eu/clima/policies/innovation-fund_en #InnovationFund
Background slides
Support across project life-cycle
Comprehensive selection criteria Greenhouse gas emissions avoidance Degree of innovation Project maturity Scalability Cost efficiency
Two-stage selection process Expression of interest Criteria (a) and (b) Award of (a) GHG emissions avoidance are met project (b) Degree of innovation development assistance (c) Project maturity Criteria (a), (b), (c) are met Full application List of pre- selected (a) GHG emissions avoidance Award of projects to (b) Degree of innovation project be (c) Project maturity grants consulted (d) Scalability with MS (e) Cost efficiency
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