This document is an excerpt from the EUR-Lex website
Emissions Trading System — Innovation Fund rules
WHAT IS THE AIM OF THE REGULATION?
The Innovation Fund introduced in Directive 2003/87/EC is designed to support innovative initiatives as part of EU emissions trading system (ETS)*, the EU’s cornerstone policy to tackle climate change by reducing greenhouse gas (GHG) emissions.This regulation sets out detailed rules about how the fund operates.
The regulation sets out detailed rules for the Innovation Fund, including
Objectives and forms of support
The fund provides financial support for projects demonstrating highly innovative technologies, processes or products with significant potential to reduce GHG emissions, while attracting additional public and private resources.
Support will be in the form of grants, or combining EU grants with financial instruments under the EU’s unified investment support instrument (InvestEU), which replaces the current European Fund for Strategic Investments for the period 2021-2027. Funding can also take any of the other forms outlined in Regulation (EU, Euratom) 2018/1046 (the ‘Financial Regulation’), in particular prizes, and procurement.
Application and selection
Applicants are invited to apply for financial support for eligible projects following a call for proposals issued by the European Commission after consultation with EU countries. Projects are selected based on criteria including:
Governance and administration
The Commission directly manages the Fund’s operation except where implementing bodies are delegated. EU countries are consulted about short-listed projects before any decisions on awards are made.
Entities receiving aid should display on their websites information about projects supported under this regulation, including explicit reference to the Innovation Fund support received, as well as ensuring that coherent, effective and targeted information on the support reaches multiple audiences, including the media and the public.
FROM WHEN DOES THE REGULATION APPLY?
It has applied since 17 June 2019.
For more information, see:
Commission Delegated Regulation (EU) 2019/856 of 26 February 2019 supplementing Directive 2003/87/EC of the European Parliament and of the Council with regard to the operation of the Innovation Fund (OJ L 140, 28.5.2019, pp. 6-17)
Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, pp. 1-222)
Commission Decision 2010/670/EU of 3 November 2010 laying down criteria and measures for the financing of commercial demonstration projects that aim at the environmentally safe capture and geological storage of CO2, as well as demonstration projects of innovative renewable energy technologies under the scheme for greenhouse gas emission allowance trading within the Community established by Directive 2003/87/EC of the European Parliament and of the Council (OJ L 290, 6.11.2010, pp. 39-48)
Successive amendments to Decision 2010/670/EU have been incorporated into the original text. This consolidated version is of documentary value only.
Directive 2009/31/EC of the European Parliament and of the Council of 23 April 2009 on the geological storage of carbon dioxide and amending Council Directive 85/337/EEC, European Parliament and Council Directives 2000/60/EC, 2001/80/EC, 2004/35/EC, 2006/12/EC, 2008/1/EC and Regulation (EC) No 1013/2006 (OJ L 140, 5.6.2009, pp. 114-135)
See consolidated version.
Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, pp. 32-46)
See consolidated version.
last update 07.10.2019