1. A Clean Planet for all
A European strategic long term vision for a prosperous, modern, competitive and climate neutral economy

2. Building blocks for 2050 Energy efficiency Deployments of renewables
Clean, safe & connected mobility
Competitive industry and circular economy
Infrastructure and inter-connections
Bio-economy and natural carbon sinks
Tackle remaining emissions with carbon capture and storage

3. Vision for a Clean Planet by 2050
Several pathways for a climate neutral Europe, challenging but feasible from technological, economic, environmental and social perspectives

4. Scenario Analysis Results for CCUS
CCS will be required to reduce emissions of any remaining fossil fuels use (power sector, industry)
In the case of higher ambition targets, CCS combined with biomass is required to generate negative emissions
It also seems necessary for certain hard to decarbonize industrial processes
CCU – synthetic fuels and materials (e.g. in plastics) are also seen as options
Climate Action

5. Innovation Fund First tool to implement Long-Term Strategy
Driving low-carbon technologies to the market
Revised EU ETS Directive EU/2018/410
Delegated Regulation on operation of the Innovation Fund EU/2019/856 

6. Driving low-carbon technologies to the market
Innovation Fund aims to support breakthrough solutions sufficiently mature to be ready for demonstration at pre-commercial scale
Renewable energy
Carbon Capture Use and Storage
Energy-intensive industries
including substitute products
Energy storage
Driving low-carbon technologies to the market

7. Key features of the Innovation Fund
Volume of at least EUR 10 billion at carbon prices of €20tCO2
Support of up to 60% of additional costs related to innovative technology
First call expected for 2020 and regular calls up to 2030
Financed from the revenues of the EU Emissions Trading System
Support of additional capital and operating costs (up to 10 years)*
Comprehensive selection criteria and project development assistance
*For small-scale projects with less than EUR 7,5 M total capital expenditure: relevant cost = total capital expenditure

8. Degree of innovation compared to the state of the art
Selection criteria
Effectiveness of greenhouse gas emissions avoidance potential, where applicable compared to EU ETS benchmarks
Degree of innovation compared to the state of the art
Project maturity in terms of planning, business model, financial and legal structure and reaching financial closure within 4 years
Scalability: technical and market potential for widespread application or replication or for future cost reductions
Cost efficiency: relevant cost minus contribution by project proponent divided by total performance over 10 years

9. List of pre-selected projects to be consulted with MS
Two-stage selection process* Simplified application and selection procedures may apply for small-scale projects
Expression of interest
Criteria (a) and (b)
are met
Award of project development
assistance
(a) GHG emissions avoidance
(b) Degree of innovation
(c) Project maturity
List of pre-selected projects to be consulted with MS
Criteria (a), (b), (c)
are met
Full application
(a) GHG emissions avoidance
(b) Degree of innovation
(c) Project maturity
(d) Scalability
(e) Cost efficiency
Award of project grants

10. Support across project life-cycle
Grant Award
Financial Close
Entry into Operation
3 to 10 years
Add'l project milestones
Annual instalments
Feasibility Study
FEED
Construction
Reporting period
Payments
40%
60%
Up to 40%, non-dependent on verified emissions reductions
At least 60%, dependent on verified emissions reductions

11. Synergies – Innovation Fund
Research
Horizon Europe
Partnerships
Demonstration
Innovation Fund
Roll-out Infrastrucuture
Connecting Europe Facility
Modernisation Fund
Cohesion Funding
InvestEU
Member State Funding

12. Timeline – Innovation Fund
Adoption Delegated Regulation
26 February 2019
Preparations for first call
Industry workshops Q2 – Q3 2019
Public consultation on conditions for first call Q – Q1 2020
First call for proposals
mid-2020

13. https://ec.europa.eu/clima/policies/innovation-fund_en #InnovationFund