NER300 - Green-tech demonstration support

We support the European Commission as an agent in the implementation of the NER300 initiative: the world’s largest funding programme for carbon capture and storage demonstration projects and innovative renewable energy technologies. A Cooperation Agreement details the respective roles of the two institutions in implementing the NER300 Decision, notably, as far as concerns the EIB:

• Monetisation of the 300 million EU allowances set aside in the New Entrants Reserve of the EU Emissions Trading System for the initiative.

See here for the latest on NER300 auctions and monetisation reports.

• Appraisal of projects submitted by Member States for funding.