Money ploughed into carbon capture and storage (CCS) projects has achieved next to nothing due to inadequacies in support schemes that need to be addressed in the EU's post-2020 Innovation Fund, the European Court of Auditors said in a report published on Tuesday.
The €3.7 billion targeted at CCS and renewable energy innovation in 2009 through the European Energy Programme for Recovery (EEPR) and the New Entrants Reserve (NER) 300 has “achieved little in terms of projects delivered and results”, the ECA said.
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