Press conference by Connie Hedegaard, Member of the EC, on the so-called NER300 funding programme
Connie Hedegaard, Member of the EC in charge of Climate Action, gave a press conference on the so-called NER300 funding programme. The Commission awarded over €1.2 billion funding to 23 highly innovative renewable energy demonstration projects under the first call for proposals for the so-called NER300 funding programme. Projects will be co-financed with revenues obtained from the sale of 200 million emission allowances from the new entrants' reserve (NER) of the EU Emissions Trading System. The projects cover a wide range of renewable technologies - bioenergy (including advanced biofuels), concentrated solar power, geothermal power, wind, ocean energy and distributed renewable management (smart grids).