How to finance Energy Innovation in Europe in order to reach Climate neutrality by 2050?

To become the world’s first climate-neutral continent, the European Union needs to invest now in clean energy innovation. To do so, the EU already has a comprehensive set of tools: from grants to guarantees and loans. Some tools are already well established, such as Horizon 2020, the European Investment Bank or the European Institute of Innovation and Technology. Others are new in the landscape, such as the Innovation Fund, the European Innovation Council and the European Sustainable Investment Plan.

To deliver on the Green Deal, the new Commission will review the EU financial support to clean innovation. What does the European Commission plan to do? What should the European Union do to accelerate clean energy innovation?