A new initiative to help finance low carbon technology solutions – especially those used in energy intensive industries – that cut greenhouse gas emissions has been launched.
The European Commission is inviting proposals from companies for a €20 million (£16.3m) fund as part of its Sustainable Industry Low Carbon II (SILC II) scheme. It will support the development of new technologies and their implementation in some pilot industrial plants under real working conditions.
Targeted energy intensive industries include iron, steel, aluminium, copper, cement, glass, paper and ceramics.
Michel Barnier, Acting Commissioner for industry and entrepreneurship said: “The call for proposals intends to help industry to adapt, modernise and become more energy efficient and competitive on the global markets and to maintain employment in the EU.
“Moreover, the projects will boost EU leadership in advanced manufacturing and low-carbon technologies.”
The initiative is funded under Horizon 2020 – the EU’s biggest research and innovation programme with nearly €80 billion (£65bn) of funding available up to 2020.