Under the Modernisation Fund, €2.17 billion has been disbursed today to help modernise the energy systems in nine Member States through 19 selected projects. These investments will help lower-income EU countries to meet their 2030 climate and energy targets and will reduce greenhouse gas emissions in energy, industry and transport, and improve energy efficiency.Following investments announced in June of €2.49 billion for 31 projects, today’s disbursement of a further €2.17 billion brings the total Modernisation Fund investments for 2023 to €4.66 billion for 50 projects. They focus on electricity generation from renewables, modernisation of energy networks, energy efficiency, and the replacement of coal generation with lower carbon intensity fuels. This year, support from the Modernisation Fund was granted to Bulgaria (€197 million), Croatia (€88 million), Czechia (€1.848 billion), Estonia (€66 million), Latvia (€5 million), Lithuania (€11 million), Poland (€221 million), Romania (€2.169 billion), and Slovakia (€60 million).Funded by revenues from the EU Emissions Trading System (EU ETS), the Modernisation Fund has now disbursed a total of €9.68 billion of EU ETS revenues since its launch in 2021 to help Member States to accelerate the green transition. (ICE ZAGABRIA)

Fonte notizia: Commissione europea, 20.12.2023.