EU decided to lead the global energy transition starting with € 1.1 billion through the EU Innovation Fund. EU confirmed it will heavily fund technologies to facilitate european energy transition and to enable european companies to make global progress. A strategy that will bear fruit by 2030 and will prepare the climate neutrality targets
There is a double urgency to transform Europe’s energy system: reducing EU dependance on fossil fuel imports and tackling the climate crisis. EU has important objectives on climate change and the current tensions on energy market suggest to accelerate measures on energy savings, diversification of suppliers, renewables and to replace fossil fuels consumption in industry
