allocates 300 million ETS allowances to support innovative projects that reduce GHG emissions. Several geothermal projects have benefited from this facility. For the Phase VI of the European Trading Scheme, the facility is replaced by the Innovation Fund, which would be larger and work differently.
Geothermal projects have benefited from the NER300, and technologies such as EGS are well suited to be eligible under the Innovation fund. Some challenges may however arrive depending on how innovation is defined.
- European heating sector urges Members of the European Parliament to support EU ETS reform
- Non-paper on the Innovation Fund