Renewables displace fossil fuels; in doing so, they make a critical contribution to decarbonisation. EUREC, together with 11 associations, therefore welcomes the efforts to rebalance the Innovation Fund to better include renewable energy.
The ‘clean tech manufacturing’ and ‘mid-sized & highly innovative’ windows are particularly important for renewables. These windows can deliver a wide range and depth of innovative renewable projects. Such projects will form the basis of Europe’s future energy system whilst strengthening jobs, sustainable growth, competitiveness, and the EU’s strategic energy independence.
It is therefore essential that these windows are well-resourced within the 3rd call budget.