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Towards a climate-neutral Europe: EU invests over €10bn in innovative clean technologies

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The Commission today announces an investment programme worth over €10 billion for low-carbon technologies in several sectors to boost their global competitiveness.

EU innovative climate action, as announced today, has a range of benefits for the health and prosperity of Europeans with an immediate, tangible impact on people’s lives – from the creation of local green jobs and growth, to energy-efficient homes with a reduced energy bill, cleaner air, more efficient public transport systems in cities, and secure supplies of energy and other resources.

Commissioner for Climate Action and Energy Miguel Arias Cañete said: “Less than three months after adopting our strategic vision for a climate neutral Europe by 2050, we are putting the money where the mouth is. Our objective is to keep building a modern, competitive and socially fair Paris-aligned economy for all Europeans. For this to happen, we will need deployment of clean innovative technologies on an industrial scale. This is why we are investing in bringing to the market highly innovative technologies in energy intensive industries, in carbon capture, storage and use, in the renewable energy sector and in energy storage. We are today unleashing technological solutions in all Member States and pressing the fast-forward button in our transition to a modern and climate-neutral society in Europe.”

The Commission wants to ensure that Europe continues to be at the top of the league as regards new high-value patents for clean energy technologies. This leadership provides a global competitive advantage, allowing Europe to harvest first mover benefits by increasing exports of European sustainable products and sustainable technology and business models.

On 28 November 2018, the European Commission adopted a strategic long-term vision for a prosperous, modern, competitive and climate neutral economy by 2050 – A Clean Planet for all. The strategy shows how Europe can lead the way to climate neutrality while preserving the competitiveness of its industries by investing into realistic technological solutions. This transition also requires further scaling-up of technological innovations in energy, buildings, transport, industry and agriculture sectors.

Next steps

The Commission aims to launch the first call for proposals under the Innovation Fund already in 2020, followed by regular calls until 2030.

Background

The Innovation Fund will pool together resources amounting to around €10 billion, depending on the carbon price. At least 450 million allowances from the EU Emissions Trading System (EU ETS) Directive will be sold on the carbon market in the period 2020-2030. The revenues of these sales depend on the carbon price, which is currently around EUR 20.

Any undisbursed revenues from the Innovation Fund’s predecessor, the NER 300 programme, will also be added to the Innovation Fund. Thus, the total endowment of the Fund can be around EUR 10 Billion.

The Innovation Fund aims to create the right financial incentives for companies and public authorities to invest now in the next generation of low-carbon technologies and to give EU companies a first-mover advantage to become global technology leaders.

The Innovation Fund builds on the experience from the NER300 programme, the current EU programme to support the demonstration of carbon capture and storage and renewable energy technologies. It expands its scope to also explicitly cover energy storage and energy intensive industries and is better tailored to promote innovation through an improved and simplified governance. It will offer grants to cover up to 60% of the additional capital and operational costs linked to innovation for the selected projects, disbursing the money in a flexible way based on the needs of individual projects.

In addition, following the Commission’s decision to reinvest the unspent funds from the first NER 300 call amounting to some EUR 487.6 million, the transfer of unspent NER300 funds to InnovFin Energy Demo Projects is now taking effect and the Commission confirmed that three existing projects can now benefit from a loan guarantee backed by funds from the NER300.

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UNESCO ‘eDNA’ initiative to ‘unlock’ knowledge for biodiversity protection

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To understand the richness of biodiversity across World Heritage marine sites, the UN scientific organization launched on Monday a project to protect and preserve biodiversity, based on the study of environmental DNA – cellular material released from living things into their surroundings. 

Launching the new programme, the UN Educational, Scientific and Cultural Organization (UNESCO) said that scientists and local residents would take samples of genetic material from fish waste, mucous membranes or cells, eDNA, to monitor species. 

Marine World Heritage sites play a critical role in protecting marine ecosystems of exceptional universal value and provide opportunities for the public to appreciate and preserve marine environments”, reminded UNESCO Assistant Director-General for Culture, Ernesto Ottone Ramírez. 

Species under threat 

UNESCO said that the two-year initiative would help measure the vulnerability of marine biodiversity to climate change and its impact on the distribution and migration patterns of marine life across World Heritage sites. 

The eDNA project, which involves collecting and analyzing samples from the environment – such as soil, water and air – rather than an individual organism, will also better monitor and protect endangered species included in the International Union for Conservation of Nature (IUCN) Red List.  

Climate change is affecting the behaviour and distribution of underwater life and we must understand what is happening so we can adapt our conservation efforts to evolving conditions”, explained the UNESCO official. 

Beneath the waves 

UNESCO’s marine World Heritage sites are recognized for their unique biodiversity, outstanding ecosystems, or for representing major stages in Earth’s history.  

In the context of the UN Decade of Ocean Science for Sustainable Development (2021-2030), the project was launched to contribute to the understanding of global trends and knowledge to preserve marine ecosystems. 

Since 1981, when Australia’s Great Barrier Reef was inscribed at UNESCO’s first marine site, a global network of 50 others are now included as “beacons of hope for healing the ocean”, according to the UN agency. 

Guided by expert support, the eDNA project will engage local citizens to gather material, so samples such as particles gathered through water filtering, can be genetically sequenced in specialized laboratories, without having to disturb animals themselves.   

Implemented by UNESCO’s Intergovernmental Oceanographic Commission (IOC) and World Heritage Centre, IOC chief Vladimir Ryabinin described the project as “a step toward the Ocean Decade’s vision of unlocking the knowledge we need to create the ocean we want by 2030”. 

Breaking new ground 

The use of eDNA in ocean monitoring and data collection is still in its infancy and standard protocols for sampling and data management will be streamlined in UNESCO’s groundbreaking eDNA project.  

For the first time, it will apply a consistent methodology across multiple marine protected areas simultaneously, helping establish global standards, data monitoring and management practices while making that information available to the public. 

All data will be processed and published by the Ocean Biodiversity Information System (OBIS), the world’s largest open-access data system on the distribution and diversity of marine species, maintained and collectively supported by a worldwide network of scientists, data managers and users.  

Sustainability goal 

The project works to advance the world’s understanding of life in the ocean, and establish conservation and management policies indicators.   

“eDNA sampling can provide an innovative, affordable, and long-awaited capacity to better understand the ocean ecosystems, their composition and behaviour, and to start managing ocean resources more sustainably”, said Mr. Ryabinin. 

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Act Urgently to Preserve Biodiversity for Sustainable Future — ADB President

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The world must act urgently to preserve ecosystems and biodiversity for the sake of a sustainable future and prosperity, Asian Development Bank (ADB) President Masatsugu Asakawa said at the opening of a global event on biodiversity here today.

“The world is at a critical turning point. If we are to reverse the alarming decline in nature, we must respond with urgency and coordinated action,” Mr. Asakawa said. “These efforts are needed to ensure the survival of our ecosystems, and for the sake of our shared future and prosperity.”  

Asia and the Pacific is one of the most biodiverse regions in the world—home to 17 of the 36 global biodiversity hotspots, 7 of the 17 megadiverse countries, and the greatest marine diversity. “If restored and well-managed, these natural capital assets can help to mitigate global climate change and biodiversity loss in a cost-effective and impactful manner,” Mr. Asakawa said in his opening remarks at the Ecological Civilization Forum at the 15th Conference of Parties to the Convention on Biological Diversity (COP15) in Kunming, the People’s Republic of China (PRC).  

The event is cohosted by the PRC’s Ministry of Ecology and Environment, Yunnan provincial government, and the Secretariat of the Convention on Biological Diversity. Participants include high-level representatives from governments, the private sector, development agencies including ADB, and civil society. 

ADB is committed to helping accelerate and increase nature-positive investments in Asia and the Pacific. “Through our ADB Nature-Positive Investment Roadmap, we are working with partners to scale up finance, develop knowledge of natural capital, and generate financially sustainable projects that deliver on biodiversity and healthy ecosystems,” Mr. Asakawa said.

At COP15, ADB is launching a new publication, Greening Development in the People’s Republic of China, which outlines how ADB and the PRC have successfully partnered to promote green development and ecological restoration in a way that complements economic and social priorities. 

In partnership with the Chinese Academy of Science and Stanford University, ADB is sharing progress on its new Natural Capital Lab due for launch in 2022. This will be a digital platform for sharing methods for valuing biodiversity and ecosystems, and for building knowledge, capacities, and alliances across the region.  

In addition, ADB with partners will be launching the Regional Flyway Initiative that will conserve ecosystem services that support people and critical habitats for more than 50 million migratory waterbirds.

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Greenpeace Africa reacts to DRC President’s decision to suspend illegal logging concessions

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forest

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, ordered on Friday, October 15th, the suspension of all dubious logging concessions, including the 6 granted in September 2020. Greenpeace Africa, one of the civil society organizations that denounced these concessions, applauds the decision taken by the Head of State and encourages him to remain vigilant and ensure its effective execution by Deputy Prime Minister Ms. Eve Bazaiba.

Greenpeace Africa reiterates its call for maintaining the moratorium on new industrial logging concessions to prevent a human rights and climate catastrophe. This logging sector, characterized by bad governance, favors corruption and remains out of touch with the socio-economic needs of the Congolese people and the climate crisis we live in.

Irène Wabiwa Betoko, Head of the International Congo Basin Forest Project of Greenpeace: “The decision of H.E. President Tshisekedi against the illegal actions of former Minister Nyamugabo sends an important message to the Congolese people and their government. It is also a red light for the plans of Ms. Ève Bazaiba, current Minister of the Environment, to open a highway to deforestation by multinational logging companies through lifting the moratorium on new industrial concessions.”

The President asks to “Suspend all questionable contracts pending the outcome of an audit and report them to the government at the next cabinet meeting.” Greenpeace Africa maintains that the review of illegalities in the forest sector must be transparent, independent, and open to comments from civil society organizations.

Ms. Wabiwa adds that “Both the protection of the rights of Congolese peoples and the success of COP26 require that the moratorium on granting new forest titles be strengthened. We again call on President Tshisekedi to strengthen the 2005 presidential decree to extend the moratorium.”

Ms. Wabiwa concludes that “instead of allowing new avenues of destruction, the DRC needs a permanent forest protection plan, taking into account the management by the local and indigenous populations who live there and depend on them for their survival.”

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