The Innovation Fund’s 2023 call for proposals for net-zero technologies (IF23 Call) has received 337 applications from 27 countries. These proposals will compete for the call’s €4 billion budget to support the deployment of innovative clean technologies using revenues from the EU Emissions Trading System (ETS).
The total funding requested by all applications amounts to EUR 24.6 billion, over six times the available budget. This would have the potential to reduce greenhouse gas emissions by an estimated 1.4 billion tonnes of CO2equivalent achieved over the first ten years of operation.
The number of applications in the main categories supported by the Innovation Fund are:
- 204 for energy-intensive industries, including carbon capture, use, and storage
- 64 for renewable energy
- 35 for energy storage
- 34 for mobility, including maritime, aviation and road transport