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2019-03-01 11:45:00

RENEWABLE FOR EUROPE: €10 BLN

RENEWABLE FOR EUROPE: €10 BLN

RECHARGE - The EU will spend up to €10bn ($11.37bn) supporting innovative low-carbon technologies in sectors such as renewables and energy storage over the next decade, said the European Commission.

The Innovation Fund – set to be one of the world's largest funding programmes for climate action – will benefit from revenues from allowances sold under the EU's Emissions Trading System (ETS) during the period 2020 to 2030.

The total amount realised from the sales depend on the…

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Tags: RENEWABLE, EUROPE
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