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Germany's Central Bank confronts Nazi past and pledges 'never again'

Germany's Central Bank confronts Nazi past and pledges 'never again' Germany's Central Bank confronts Nazi past and pledges 'never again'
Germany's Bundesbank has taken a significant step in addressing the Nazi legacy of its predecessor, unveiling new research that delves into...
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Belgium secures eleventh victory in World Student Diplomacy Championship

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Commission declares Bosnia and Herzegovina prepared for EU accession talks

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Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting

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NATO unveils 'Nordic Response' with massive military exercises

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Far-right Vlaams Belang surges in Belgian polls

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Sweden officially joins NATO as Hungary grants approval

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Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
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Dutch NATO contribution could double without U.S., says Defense Minister

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Latest News

Germany's Central Bank confronts Nazi past and pledges 'never again'

Germany's Central Bank confronts Nazi past and pledges 'never again' Germany's Central Bank confronts Nazi past and pledges 'never again'
Germany's Bundesbank has taken a significant step in addressing the Nazi legacy of its predecessor, unveiling new research that delves into...
Read More...

Belgium secures eleventh victory in World Student Diplomacy Championship

Belgium secures eleventh victory in World Student Diplomacy Championship Belgium secures eleventh victory in World Student Diplomacy Championship
  On March 14, 2024, Belgium clinched victory in the World Student Diplomacy Championship, a prestigious competition simulating the workings...
Read More...

Commission declares Bosnia and Herzegovina prepared for EU accession talks

Commission declares Bosnia and Herzegovina prepared for EU accession talks Commission declares Bosnia and Herzegovina prepared for EU accession talks

On Tuesday, European Commission President Ursula von der Leyen urged EU member states to approve the start of accession negotiations with...
Read More...

Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting

Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting Romanian President and Austrian Chancellor confer on Schengen during Bucharest meeting
In the backdrop of the European People's Party (EPP) congress, Romania's President Klaus Iohannis engaged in discussions with Austrian Chancellor...
Read More...

NATO unveils 'Nordic Response' with massive military exercises

 NATO unveils 'Nordic Response' with massive military exercises NATO unveils 'Nordic Response' with massive military exercises
In a display of strength and solidarity, NATO has launched its largest military exercises since 1952, marking the first participation of new...
Read More...

Far-right Vlaams Belang surges in Belgian polls

Far-right Vlaams Belang surges in Belgian polls Far-right Vlaams Belang surges in Belgian polls
With Belgian elections looming in June, the far-right party Vlaams Belang is witnessing a historic surge, polling just under 28 percent in...
Read More...

Sweden officially joins NATO as Hungary grants approval

Sweden officially joins NATO as Hungary grants approval Sweden officially joins NATO as Hungary grants approval
In a significant geopolitical development, Sweden has gained approval to become the 32nd member of the NATO military alliance, marking a blow...
Read More...

Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
  During a meeting with Ukrainian President Volodymyr Zelensky at the Munich Security Conference, outgoing Dutch Prime Minister Mark Rutte...
Read More...

Dutch NATO contribution could double without U.S., says Defense Minister

Dutch NATO contribution could double without U.S., says Defense Minister Dutch NATO contribution could double without U.S., says Defense Minister
Outgoing Defense Minister Kajsa Ollongren warned that the Netherlands might need to double its defense spending if the United States were to...
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For the first time since the creation of theInnovation Fund, the European Union is investing €118 million into 32 small innovative projects located in 14 EU Member States, Iceland

and Norway. The grants will support projects aiming to bring low-carbon technologies to the market in energy intensive industries, hydrogen, energy storage and renewable energy. In addition to these grants, 15 projects located in 10 EU Member States and Norway will benefit from project development assistance worth up to €4.4 million, with the aim of advancing their maturity.

Executive Vice-President Timmermanssaid: “With today's investment, the EU is giving concrete support to clean tech projects all over Europe to scale up technological solutions that can help reach climate neutrality by 2050. The increase of the Innovation Fund proposed in the Fit for 55 Package will enable the EU to support even more projects in the future, speed them up, and bring them to the market as quickly as possible.”

The32 projectsselected for funding were evaluated by independent experts for their ability to reduce greenhouse gas emissions compared to conventional technologies and to innovate beyond the state-of-the-art while being sufficiently mature to enable their quick deployment. Other criteria included the projects' potential for scalability and cost effectiveness. The selected projects cover a wide range of relevant sectors to decarbonise different parts of Europe's industry and energy sectors. The success rate of eligible proposals to this call for proposals is 18%.

The15 projectsthat can benefit from project development assistance were assessed to be sufficiently innovative and promising in terms of their ability to reduce greenhouse gas emissions, but not yet mature enough to be considered for a grant. The support, to be provided as tailor-made technical assistance by the European Investment Bank, aims to advance their financial or technical maturity, with a view to potential re-submission under future Innovation Fund calls.

Next steps

Successful projects under the call for small-scale projects are starting to prepare individual grant agreements. These should be finalised in the fourth quarter of 2021, allowing the Commission to adopt the corresponding grant award decision and start disbursing the grants. Projects have up to four years to reach financial closure. Photo by Amio Cajander, wikimedia commons.

Projects offered development assistance under the call for large-scale projects will be contacted by the European Investment Bank to conclude individual agreements and enable the start of the service in the fourth quarter of 2021.

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