Commission unveils €122m in Innovation Fund grants

The European Commission announced on Tuesday that 32 small projects will receive €122m in revenue from the emissions trading system, after being judged to “innovate beyond the state-of-the-art”.

by Simon Pickstone
The Hellisheidi geothermal power plant in Iceland. A project at the site has received EU funding to sequester CO2 permanently in basalt underground. Photo: Sura Ark / Getty Images
The Hellisheidi geothermal power plant in Iceland. A project at the site has received EU funding to sequester CO2 permanently in basalt underground. Photo: Sura Ark / Getty Images

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