The European Commission opened competition for the world's biggest investment programme in green technologies yesterday (9 November), in a bid to gain a competitive advantage over the US and China on renewables and carbon capture and storage.
Approximately €4.5 billion will be made available to at least 34 innovative renewable energy and eight carbon capture and underground storage (CCS) projects.
The money will be raised by selling 300 million carbon permits from the 'New Entrant Reserve' of the EU's emissions trading scheme (EU ETS) for greenhouse gases.
To read the full, original article click on this link: EU launches €4.5bn clean energy fund | EurActiv
