Meeting our climate goals and getting to net zero emissions by 2050 is an enormous challenge. It means transforming every major sector of our economies: power, industry, manufacturing, transportation, agriculture, waste, and buildings. This transformation requires both behavioural change and technological innovation. To deploy and scale technological innovation in the relevant timeframes we need large investments into scalable clean solutions - from long duration storage to clean steel or chemicals to synthetic fuels - across the world. Public funding needs to be smartly deployed to leverage and not crowd out private funds.
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The EU currently has one of the world’s largest clean tech funds to achieve this goal, the EU Innovation Fund. With a budget of €40 billion until 2030, the Fund focuses on big flagship projects within Europe that can deliver significant emission reductions, sharing the risk with project promoters to support the deployment of the next generation of clean technologies. For this event, the European Commission brings together governments and international clean tech players to share their experiences with supporting technology and green growth. What has worked and what hasn’t? Which constraints and chances are there in different regions of the world? How can we work together to push a faster rate of clean tech deployment globally and avoid a subsidy race?
The event aims to:
Learn from each other about best-practice approaches to clean tech funding
Highlight the role the public sector can play in leveraging private capital into next-generation technology
Highlight the value of emission pricing or carbon taxation in creating revenue to invest in innovation
Highlight the international dimension of “getting down the cost curve” for clean technologies.
