On Wednesday 17 December, the European Commission and the European Investment Bank announced the allocation of €1.8 billion from the Modernisation Fund to support 45 clean energy investments in 12 Member States.
This fund, financed by revenues from the EU Emissions Trading System (ETS), supports 13 low-income EU countries (with a gross domestic product per capita of less than 75% of the EU average based on figures from between 2016 and 2018) in their transition to climate neutrality.
It finances “high-impact” projects aimed at reducing greenhouse gas emissions in the energy, industry and transport sectors.
This is the second instalment for 2025, in addition to the €3.66 billion already released in July for 34 investments (see EUROPE 13674/11).
This year, the Czech Republic was the biggest beneficiary (€1.78 billion), followed by Romania (€1.24 billion) and Hungary (€279 million).
The next deadlines for submitting investment proposals are 15 January 2026 for non-priority proposals and 12 February 2026 for priority proposals.
View the details: https://aeur.eu/f/k23 (Original version in French by Pauline Denys)