Finance
Clean Energy Projects to Get Financing From $14 Billion EU Fund
- EU prepares to start aid from flagship carbon market fund
- Innovation Fund to help shift to clean energy systems
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Green investment in Europe is set for a fresh boost as the region prepares to hand out 1 billion-euro ($1.1 billion) in aid aimed at helping companies shift to clean energy sources.
The European Commission will call for bids under the Innovation Fund on Friday that’ll support low-carbon investment in energy-intensive industries, renewables, carbon capture and energy storage. The first tranche of funds will come out of the wider 12.5 billion euro fund.