Operation of Modernisation Fund

EGEC Geothermal welcomes the draft implementing Regulation on the operation of the Modernisation Fund.

The Modernisation Fund was established in the EU Emissions Trading System to modernise energy systems and improve energy efficiency grids in beneficiary Member States.

According to the text, 70% of investments must be spent on the generation and use of renewable electricity and/or energy efficiency, energy storage and energy networks such as district heating.

We recommend the European Parliament not to reject this proposal.