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European Commission launches survey for market actors that could benefit from the EU ETS Innovation Fund

The European Commission’s Directorate-General for Climate Action (DG Climate) launched a market-testing survey, to consult a wide range of stakeholders on key features of the future Innovation Fund (like the EU Emission Trading System) and to establish an appropriate portfolio of support instruments that will best meet the market needs.

The survey comes at a moment when the EU is defining its ambitions towards a Net Zero Industrial Plan, where the Innovation Fund will also contribute, as well as delivering under the RePowerEU Plan and the Hydrogen Bank.

The questions in the survey, cover both the current calls for proposals and the new auctions mechanism. The Commission is interested in identifying the market needs for the next period of the Innovation Fund operation, in terms of project pipeline as well as the expected type and size of support and sectoral or thematic priorities to be established.

With this survey, the Commission will have an overview of the types of funding that different industrial sectors and market players will require to close the green premium gap and decarbonise as fast as possible. This will in turn allow the Commission to establish an appropriate portfolio of support instruments under the EU ETS Innovation Fund.

Project developers, professional/trade/business associations representing companies that could consider applying for funding from the EU ETS Innovation Fund in the current decade are especially targeted by the survey. Financial entities that can provide lending, equity or other types of financial support to projects applying to the Innovation Fund are also encouraged to respond.

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