Akshay<p>The “Modernisation Fund”, payed for by revenues from the EU Emissions Trading System (EU ETS), invests in clean energy and energy efficiency in lower income EU member states.</p><p>With the latest €3.66 billion disbursement, the largest yet, total funding has reached €19.1 billion since 2021.</p><p><a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1714" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://</span><span class="ellipsis">ec.europa.eu/commission/pressc</span><span class="invisible">orner/detail/en/ip_25_1714</span></a></p><p><a href="https://eupolicy.social/tags/Climate" class="mention hashtag" rel="tag">#<span>Climate</span></a> <a href="https://eupolicy.social/tags/ClimateSolutions" class="mention hashtag" rel="tag">#<span>ClimateSolutions</span></a> <a href="https://eupolicy.social/tags/Energy" class="mention hashtag" rel="tag">#<span>Energy</span></a> <a href="https://eupolicy.social/tags/EU" class="mention hashtag" rel="tag">#<span>EU</span></a> <a href="https://eupolicy.social/tags/Europe" class="mention hashtag" rel="tag">#<span>Europe</span></a> <a href="https://eupolicy.social/tags/EUPol" class="mention hashtag" rel="tag">#<span>EUPol</span></a> <a href="https://eupolicy.social/tags/EUETS" class="mention hashtag" rel="tag">#<span>EUETS</span></a> <a href="https://eupolicy.social/tags/EmissionsTrading" class="mention hashtag" rel="tag">#<span>EmissionsTrading</span></a></p>