The EU Innovation Fund is being implemented too slowly to help the cleantech sector develop, according to a new report by the European Court of Auditors published on Thursday 19 March.
The European Court of Auditors particularly notes the uncertainty over the funding that is available – linked to the very method of financing the Fund, which is based on the EU Emissions Trading System – the shortcomings in assessing the maturity of projects, which meant they “were later cancelled or...