EASE submitted a response to the European Commission Public Consultation on the “Establishment of the ETS Innovation Fund”.
The EC legislative proposal for a revised EU emissions trading system (ETS) reform involves the creation of an ETS Innovation Fund (IF). This fund is meant to support low-carbon innovative technologies, including energy storage technologies, by allocating funds to demonstration projects or projects between TRLs 6-9. It will be financed through the earmarking of revenues from the sale ETS allowances.
The European Commission has published a public consultation on the design elements of the ETS Innovation Fund.
Given the importance of the funding that could be available to energy storage projects in the future, EASE drafted a reply to the public consultation.
Read the full response to the public consultation here.