The €750bn economic recovery package is focused around the European Green Deal, and highlights “the rolling out renewable energy projects, especially wind, solar and kick-starting a clean hydrogen economy in Europe”. Cleaner transport and logistics are also a key element of the proposal.
An amount of € 94.4 billion was allocated for Horizon Europe, which will be reinforced to fund vital research in health, resilience and the green and digital transitions.
The new Strategic Investment Facility will invest in technologies which are key for the clean energy transition, such as renewable and energy storage technologies, clean hydrogen, batteries, carbon capture and storage and sustainable energy infrastructure.
The new Clean Hydrogen Strategy and Alliance will steer and coordinate the rapid upscaling of clean hydrogen production and use in Europe.
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