By Kate Abnett
(Reuters) – Clean technology projects are readying bids for a billion-euro support package from the European Union under a flagship scheme for funding breakthrough low-carbon technologies.
The EU Innovation Fund will support projects such as floating wind farms, carbon capture mechanisms and energy storage, all of which could help clean up sectors such as cement and steelmaking.
“These large-scale investments will help restart the EU economy and create a green recovery that leads us to climate neutrality in 2050,” EU climate chief Frans Timmermans said.
The European Commission on Friday invited projects to bid for 1 billion