In a significant move towards achieving climate neutrality, the European Commission and the European Investment Bank (EIB) have announced the disbursement of an additional €2.7 billion from the Modernisation Fund. This funding, sourced from emissions trading revenues, is set to bolster cleaner energy systems across eight beneficiary Member States.
Investment in Clean Energy Transition
The Modernisation Fund, a pivotal instrument in the EU's green finance strategy, has been instrumental in supporting lower-income EU countries to modernize their energy systems. Since its inception in 2021, the Fund has allocated €15.45 billion towards clean energy projects, with the latest disbursement supporting 39 new projects. These initiatives are crucial for helping Member States
