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policy instrument · 1 July 2020
EU Innovation Fund
Jurisdiction countryEU
Instrument typegrant-rd
Authoritygovernment
PathwaysDirect air capture, Bioenergy with carbon capture and storage
Scopecarbon removal and point-source capture
Statusoperational
DetailThe EU's flagship funding programme for demonstration of innovative net-zero technologies, financed by EU ETS allowance auction revenues (successor to NER300) and administered by the Commission/CINEA. CDR-relevant support includes grants to carbon management projects spanning CCS, CCU, DAC and BECCS — e.g. BECCS Stockholm (~EUR 180m, 2022) and 10 carbon management projects among 2026 awards.
Monetary noteEstimated ~EUR 40 billion in revenues 2020-2030 from the monetisation of 530 million EU ETS allowances (Commission estimate; carbon-price dependent); ~EUR 15 billion awarded to ~250 projects across calls to date.
Confidencemedium
Unverified note~EUR 40bn 2020-2030 figure verified as the Commission's own estimate (530m allowances; price-dependent). BECCS Stockholm award amount/month and specific DAC awards (e.g. within the 10 carbon management projects) were not verified against primary award lists — treat named DAC awardees as unconfirmed. First-call launch date given at month precision.
Pathway scopespecific
Pathway noteCDR-relevant support includes grants to CCS, CCU, DAC and BECCS, with named awards to DAC and BECCS projects
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