environment
EU invests one billion in climate-friendly projects
New hydrogen technology is to be promoted with EU funds. Photo: Friso Gentsch / dpa
© dpa-infocom GmbH
The economy should also become more climate-friendly. The European Union makes one billion euros available for innovative projects.
The European Union wants to invest one billion euros in innovative projects for a more climate-friendly economy.
The money comes from the EU’s innovation fund and is to be used, among other things, for the retention and storage of carbon dioxide (CO2) and new hydrogen technology, according to a communication from the EU Commission.
Specifically, according to the commission, seven projects are being funded, for example in industry and in the energy sector, which help reduce greenhouse gases and can be implemented quickly and efficiently.
For example, a project in France aims to bind unavoidable CO2 emissions in cement production and store them in the North Sea and in the cement itself. Other projects are planned in Belgium, Italy, Finland, the Netherlands, Norway, Spain and Sweden, the Commission announced.