As the bank of the European Union, the European Investment Bank will support implementation through appraising projects and by selling the emissions allowances from which the initiative gets its name: the NER300 programme (NER = new entrants reserve of the EU emissions trading system).

All 27 member states are encouraged to submit proposals so that they can benefit from the funding available and support the development of CCS and innovative renewables projects. The NER300 funding is intended to accelerate the deployment of low carbon energy across Europe and support the EU’s medium and long-term climate goals.

Detailed information for potential project promoters seeking funding via NER300 can be found here: http://ec.europa.eu/clima/funding/ner300/index_en.htm.