The European Commission is to invest €2.9bn in funding 61 carbon reduction projects.
The funding will come from the Innovation Fund, using up to €40bn in revenues from the EU Emissions Trading System.
The selected projects, drawn from 359 applications, span 19 industrial sectors and focus on energy-intensive industries, renewable energy and energy storage, net zero mobility and buildings, cleantech manufacturing, and industrial carbon management.
They include irvaultGoCO₂, which aims to implement Europe’s first fully integrated carbon-neutral, zero-water cement plant by introducing carbon capture, utilisation and storage (CCUS) in an inland cement manufacture facility in France.
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