The European Commission today adopted a Communication reaffirming the EU's commitment to accelerated climate ambition. Preparing for the Climate Action Summit by the United Nations Secretary General in New York on 23 September, the Commission recalls that the European Union has been at the forefront of global climate action, negotiating an inclusive international framework to respond to this challenge, while acting domestically with unity, speed and decisiveness. The EU has put concrete actions behind its Paris Agreement commitments, in line with the Juncker Commission priority of establishing an Energy Union with a forward-looking climate change policy.
Today the Commission has adopted a delegated regulation amending the ETS Auctioning Regulation to ensure continued successful auctions in phase 4 (2021-2030) of the EU ETS.
The Commission decided to reinvest unspent funds from the NER300 programme to support low-carbon innovation projects under InnovFin Energy Demo Projects (EDP), an EU financial instrument managed by the European Investment Bank. The first three projects are now benefiting from support of some €73 million.