NER300 - Green-tech demonstration support
We support the European Commission as an agent in the implementation of the NER300 initiative: the world’s largest funding programme for carbon capture and storage demonstration projects and innovative renewable energy technologies. A Cooperation Agreement details the respective roles of the two institutions in implementing the NER300 Decision, notably, as far as concerns the EIB:
- Monetisation of the 300 million EU allowances set aside in the New Entrants Reserve of the EU Emissions Trading System for the initiative.
- Appraisal of projects submitted by Member States for funding.