Innovation Fund: €4.2 billion to support 77 cutting-edge decarbonisation projects for EU’s clean energy transition
The Innovation Fund 2023 Call (IF23) has finalised grant agreements for 77 decarbonization projects across 18 European countries, with six additional projects invited from the reserve list, aiming to cut emissions by approximately 422.2 million tonnes of CO2 equivalent over ten years. Funded through the EU Emissions Trading System, the grants range from €1.4 million to €262 million, supporting projects in energy-intensive industries, renewable energy, energy storage, carbon management, net-zero mobility, and buildings. With a total budget of €12 billion, the Innovation Fund promotes Europe’s transition to a net-zero economy by investing in clean technology and breakthrough climate solutions.
The Carbon Trust share their expertise at the Pre-Conference Day focused on UK-CBAM
We’re delighted that The Carbon Trust have joined Decarb Connect UK as a Strategic Partner and will be sharing insights on ‘Scenario planning for UK CBAM: what are the potential impacts on trade flows and how can you strategically prepare for it?’ The session will explore:
- Where is the UK going with Carbon Border Adjustment Mechanism Regulations?
- How could CBAM impact trade flows in and out of the UK, flows around Europe, China and the US of steel, aluminium, cement and ceramics?
- 2-3 scenarios that could play out because of CBAM implementation and cast studies of how this would impact industrial sectors
- The impact on global business strategies, the cost and pricing of products?
- The first reporting cycle under UK CBAM
This really is a must attend session.
Ahead of the event, have a read of The Carbon Trust’s introductory briefing, which explores what CBAM means for importers and exporters (read here), as well as what CBAM means for exporters of steel, iron and aluminium (read here)
To take a deepdive into the reporting side of CBAM, don’t miss The Carbon Trust’s free webinar: ‘Mastering CBAM: Reporting Requests and Building Strong EU Relationships’
Date: 20th March
Time: 10:30 – 12:00 CET
Free Report from CFP Energy | Decarbonising the Future: Navigating ETS Reforms and Net Zero Solutions
We are on the cusp of a transformative shift in net zero ambition & ETS carbon market dynamics. This presents challenges and opportunities for organisations across hard-to-abate sectors.
With impending regulatory changes in EU and UK Emissions Trading Systems (ETS) expected to raise the cost of carbon allowances significantly, companies must be prepared.
Download this free report from our ETS Sponsor, CFP Energy, to understand emerging strategies, investments, and the regulatory pressures driving the need for carbon reduction.
The report’s findings provide a lens into how companies are navigating both the promise and challenge of carbon markets, with regional insights that reveal varying approaches to decarbonisation.
Analysis: How the UK plans to reach clean power by 2030
The UK government has set out an “action plan” for reaching its target of clean power by 2030, which it describes as “the most ambitious reforms to our energy system in generations”
Mitie Confirms UK Businesses Progressing with Net Zero
A great article from Mitie sharing some fascinating insights on how UK businesses are progressing toward net zero. Positive findings suggest 84% of sustainability leaders feel confident that their businesses will be able to align with the UK governments net zero goals! However the key concerns remain…dive into this article to discover what UK industry’s key concerns are.
Can we defund fossil fuel companies and also protect jobs?
Jobs at Stake: Fossil fuels employ 30M globally; 250,000 UK jobs depend on the North Sea oil industry.
Decarbonisation Challenges: Rapid fossil fuel cuts risk jobs and economic disruption.
Transition Potential: Economists believe jobs lost in fossil fuel sectors can be offset by growth in renewable energy, forestry, and zero-carbon construction.
Transition requires careful management to avoid economic and social disruption.
North Sea Strategy: Gradual decommissioning enables workers to shift to green jobs (e.g., offshore wind, CCS).
Policy Needs: Halt new oil licenses, adjust taxes, and accelerate decarbonisation to ensure an orderly shift.
UK Leadership: The UK must lead by proving a just, sustainable energy transition is possible.
New UK Coalition to Harness AI for Industrial Decarbonization
The UK’s industrial sector has a powerful new ally in its quest to cut emissions: the Industrial Decarbonization AI Coalition (IDAIC). This freshly announced initiative aims to harness artificial intelligence (AI) to address one of the toughest climate challenges — reducing the climate harm from industrial processes. The industrial sector remains a major source of carbon emissions globally, with foundational industries like cement, steel, and glass producing over 20% of the world’s emissions. Despite a global decarbonisation rate of just 2.5% in 2022, reaching the critical 1.5°C climate target requires a year-on-year reduction of 17.2%. The IDAIC seeks to close this gap by accelerating the adoption of AI-driven solutions.
East Coast Cluster: Construction to start on UK’s largest CCS project in 2025
The UK is taking steps toward its net zero ambitions with the announcement of financial close for the East Coast Cluster’s CCUS projects. This initiative is part of the government’s mission to reignite its industrial heartlands, tackle the climate crisis and turbocharge growth for decades to come.
As we look ahead to Decarb Connect UK 2025 this March, these developments will undoubtedly spark vital discussions among industry leaders. How can we leverage this momentum to accelerate industrial decarbonization? Let’s explore solutions and partnerships to push the boundaries of what’s possible!
UK Government seeks AI innovators to tackle grid decarbonisation
Can AI develop in a critical lever in reaching a NetZero future? AI is being utilised across all aspects of the world, and shows no limitation to the applications for decarbonisation. The UK government has announced up to £2 million in funding for AI innovators seeking to develop solutions that could aid the UK’s decarbonisation efforts
It is a promising sign that the UK Government is backing innovation towards a task that needs quick & reliable solutions.
Find out more about the UK industrial decarbonisation landscape at Decarb Connect UK
25th - 27th March, Manchester UK
Explore key themes featured in in the news with 200+ industrial emitters, policy decision makers, industrial cluster partners, financiers and technology providers to engage in meaningful discussions to examine the status and build on learnings to drive decarbonisation and address how industrials in the UK can capitalise on profit-boosting opportunities and remain market competitive.
Meet key leaders from across industries and the UK government who are driving transformation, to provide critical insights on how to navigate a complex, geopolitical backdrop to drive a sustainable energy transition and take action to catalyse the next major phase of UK industrial decarbonisation.
Hear from 40+ speakers on policy, business strategy, technology, investment and more...
Will Lochhead
Deputy DirectorHead of Hydrogen Production, Storage and Industrial Carbon Capture Business Models Department for Energy Security and Net Zero
Irina Gorbounova
Head of XCarb Innovation Fund ArcelorMittal Europe
Neil Hodgson
Deputy Director Energy Intensive Industries (EIIs) Department for Business and Trade
Anna Baker
Sustainability Director, Holcim UKEarly bird rates end Friday 14th February - save up to £500
