European Commission announces €4.6b for decarbonization, EV batteries and hydrogen
|Tax Alerts, National/Federal Taxation, P ...|European Union
The European Commission has launched the fifth call of the Innovation Fund — one of the world's largest decarbonization funding programs.
Of a total €4.6b budget, €2.4b is available for decarbonization, €1b for electric vehicle batteries, and €1.2b for renewable fuels of a non-biological origin (RFNBO) hydrogen auction.
Although the budget has decreased in this round as a result of the decrease of carbon permits price, the program remains of high interest to businesses seeking to invest in innovat…
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