The EU is spending more than 1 billion euros on climate change initiatives

By: Trademagazin editor Date: 2022. 04. 01. 11:02

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The European Commission has signed a grant agreement worth 1.1 billion euros (about 407 billion forints) with seven EU initiatives that will reduce emissions by more than 76 million tonnes of carbon dioxide equivalent in its first ten years of operation, the Brussels panel said on Friday.

EU: more than 1 billion euros for climate change initiatives

The seven initiatives will introduce innovative low-carbon technologies at the industrial level, in key sectors such as hydrogen, steel, chemicals, cement, solar energy, biofuels and carbon capture and storage – they informed. (Gebauer Szabolcs, MTI)