The rules of the Innovation Fund should be changed: materials saving should be explicitly assessed as a mandatory criterion with equal importance to the degree of innovation when assessing candidate projects
There is an increasing need for both public and private expenditure, and an availability of growing ETS revenues. Those delivering the most climate action must be rewarded.
Following the revamping of the EU’s Emissions Trading System, the associated Innovation Fund also requires an overhaul to ensure it serves the purpose of accelerating decarbonisation. Here are Carbon Market Watch’s and Sandbag’s recommendations.
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