Caspian Energy Journal Caspian European Club
Wednesday, 27 February 2019 11:00

EU invests over €10bn in innovative clean technologies

EU invests over €10bn in innovative clean technologies

The Commission has announced an investment programme worth over €10 billion for low-carbon technologies in several sectors to boost their global competitiveness, Caspian Energy News ( reports with reference to the press statement of the European Commission.

EU innovative climate action has a range of benefits – from the creation of local green jobs and growth, to energy-efficient homes with a reduced energy bill, cleaner air, more efficient public transport systems in cities, and secure supplies of energy and other resources.

“Our objective is to keep building a modern, Paris-aligned economy for all Europeans. For this to happen, we will need deployment of clean innovative technologies on an industrial scale. This is why we are investing in bringing to the market highly innovative technologies in energy intensive industries, in carbon capture, storage and use, in the renewable energy sector and in energy storage,” Commissioner for Climate Action and Energy Miguel Arias Cañete said.

On 28 November 2018, the European Commission adopted a strategic long-term vision for a prosperous, modern, competitive and climate neutral economy by 2050 – A Clean Planet for all. The strategy shows how Europe can lead the way to climate neutrality while preserving the competitiveness of its industries by investing into realistic technological solutions. This transition also requires further scaling-up of technological innovations in energy, buildings, transport, industry and agriculture sectors.

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Person in charge of the newsline: Olga Nagiyeva 

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