Objectives

• To support projects demonstrating highly innovative technologies, processes or products, that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions;
• To offer financial support tailored to market needs and risk profiles of eligible projects, while attracting additional public and private resources.

Priorities

• Priority 1: To contribute to the transition to a climate-neutral economy by 2050 and to the target to reduce emissions by at least 55% by 2030 as defined in the European Climate Law within the overall framework of the European Green Deal;
• Priority 2: To contribute to a number of interelated EU policy objectives, in so far as they are relevant for the project in question.

Among financed actions

• Activities that support innovation in low-carbon technologies and processes in sectors listed in Annex I to the EU ETS Directive, including environmentally safe carbon capture and utilisation (CCU) that contributes substantially to mitigating climate change, as well as products substituting carbon intensive ones produced in sectors listed in Annex I to the EU ETS Directive;
• Activities that help stimulate the construction and operation of projects that aim at the environmentally safe capture and geological storage of CO2 (CCS);
• Activities that help stimulate the construction and operation of innovative renewable energy and energy storage technologies.

Additional information

• This call for proposals is an open call for proposals.
• Initial duration of the action: 48 months.

Eligibility 

• Be a legal person;
• Be a public or private entity;
• Be an international organisation;
• Be directly responsible for the implementation and management of the project where relevant jointly with other applicants, i.e. not acting as an intermediary.

• Amount of the grant: above 7.5 million euro
• Co-financing rate: up to 60% of the total eligible costs