NER400- Innovation Fund
The European Commission has proposed a funding programme worth billions for the period 2021-2030 (with some amount possibly made available before 2021). Called NER400 Innovation Fund, it will build on the NER300 programme which saw 2.1 bn EUR awarded to 38 innovative renewable energy and one CCS project. NER400 Innovation Fund will additionally include measures to decarbonise industrial production.
The debate on NER400 Innovation Fund’s function and form is underway now. In 2016 and 2017 the European Parliament and Council of Ministers will consider and likely adopt the primary legislation that will set it up.