EU’s €10 bln Innovation Fund corrects past mistakes, but inconsistencies remain, experts say

Published 19:46 on June 5, 2020  /  Last updated at 16:11 on July 3, 2020  /  EMEA, EU ETS  /  No Comments

The European Commission has toughened its requirements to finance emissions reduction projects under its yet-to-be-launched Innovation Fund, but some stakeholders pointed out inconsistencies after the EU's executive unveiled the mechanism's funding criteria on Friday.

The European Commission has toughened its requirements to finance emissions reduction projects under its yet-to-be-launched Innovation Fund, but some stakeholders pointed out inconsistencies after the EU’s executive unveiled the mechanism’s funding criteria on Friday.

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