March 12, 2025Innovation Fund: €4.2 billion to support 77 cutting-edge decarbonisation projects for EU’s clean energy transition

Europe
Innovation Fund: €4.2 billion to support 77 cutting-edge decarbonisation projects for EU’s clean energy transition

It is expected that the projects will start operations between 2025 and 2031. They are from 18 European countries and could reduce up to 397.6 million tons of CO2 equivalent in their first ten years. With a total budget of around €12 billion, the Innovation Fund supports the development of net-zero technologies and Europe’s transition to a cleaner and more competitive economy.

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