Thursday 7 December 2023

✅ ✅ Yes, to more clean technology!✅ ✅ Fewer emissions. ✅ ✅ And a decarbonised industry. The EU's 𝗘missions 𝗧rading 𝗦cheme and the Innovation Fund make this possible! Here’s how: The ETS, with its cap and trade principle, ensures polluters pay for their greenhouse gas emissions and generate revenues to finance the transition to climate neutrality. The cap is also reduced annually in line with the EU’s climate target, ensuring that greenhouse gas emissions decrease over time. An example would be the emissions from power and industry plants that have reduced by 37% since 2005. Our Innovation Fund, completely funded by the ETS, will have secured €6.5 billion for 104 clean tech projects by 2023-end. This has the potential to avoid 470 million tonnes of greenhouse gas emissions (CO₂e). Our #EUDataCrunch reflects the success of our ETS and Innovation Fund over the years. A new call with 4 billion for innovative decarbonisation technologies is now open. Here’s to more years of this success! ✅ ✅ Yes, to more clean technology!✅ ✅ Fewer emissions. ✅ ✅ And a decarbonised industry. The EU's 𝗘missions 𝗧rading 𝗦cheme and the Innovation Fund make this possible! Here’s how: The ETS, with its cap and trade principle, ensures polluters pay for their greenhouse gas emissions and generate revenues to finance the transition to climate neutrality. The cap is also reduced annually in line with the EU’s climate target, ensuring that greenhouse gas emissions decrease over time. An example would be the emissions from power and industry plants that have reduced by 37% since 2005. Our Innovation Fund, completely funded by the ETS, will have secured €6.5 billion for 104 clean tech projects by 2023-end. This has the potential to avoid 470 million tonnes of greenhouse gas emissions (CO₂e). #EUDataCrunch reflects the success of our ETS and Innovation Fund over the years. #EUGreenDeal

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