The European Commission launched on 9 November 2010 the first call for proposals for the world’s largest programme of investment in low carbon and renewable energy demonstration projects. The initiative, known as "NER300", will provide substantial financial support for at least eight projects involving carbon capture and storage (CCS) technologies and at least 34 projects involving innovative renewable energy technologies.
The aim is to drive low carbon economic development in Europe, creating new 'green' jobs and contributing to the achievement of the EU's ambitious climate change goals. The European Investment Bank (EIB) is collaborating with the Commission in the implementation of the programme. Companies interested in making proposals have 3 months to submit bids at national level.