EU nations seek to raise 75% of €20 bln-worth REPowerEU from Innovation Fund, torpedo MSR sale idea

Published 11:23 on October 4, 2022  /  Last updated at 11:53 on October 4, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

EU finance ministers on Tuesday endorsed a unified stance to partly finance the REPowerEU strategy by sourcing the greatest chunk of the €20 billion from the Innovation Fund and the remaining portion from frontloaded member state auctions, in turn finally discarding the idea of MSR-held sales.

EU finance ministers on Tuesday endorsed a unified stance to partly finance the REPowerEU strategy by sourcing the greatest chunk of the €20 billion from the Innovation Fund and the remaining portion from frontloaded member state auctions, in turn finally discarding the idea of MSR-held sales.

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