Brussels Taps ETS Cash for €2.5 Bln Clean Energy Push in Poorer EU Countries
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2 Articles
Brussels taps ETS cash for €2.5 bln clean energy push in poorer EU countries
The European Commission and European Investment Bank (EIB) have released a fresh €2.5 billion tranche from the EU’s Modernisation Fund to support 51 energy-sector projects in 11 lower-income EU member states, using revenues from the EU Emissions Trading System (ETS).
Greece has secured €233.9 million in financing from the European Union's Modernisation Fund, as part of a new disbursement totalling €2.5 billion announced by the European Commission and the European Investment Bank. Correspondence – Brussels: Elena Apostolidou As the Commission announced, the financing, which comes from the revenues of the EU Emissions Trading System (EU ETS), will contribute to the implementation of projects that strengthen th…

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