German media: EU will invest 1.1 billion euros in “climate-friendly” technology projects

Core tip: According to reports, one of the projects that received investment is in France, and the other six are in Belgium, Italy, Finland, the Netherlands, Norway, Spain and Sweden.
Reference News Network reported on November 17 that according to the German News Agency in Brussels, the European Commission announced on the 16th local time that in order to develop a more environmentally friendly economy and strive to achieve the goal of net zero emissions by 2050, the EU will invest in new innovative projects 1.1 billion euros (approximately 1.24 billion US dollars).

Frans Timmermans, Executive Vice President of the European Commission, said that approving investment in innovative projects will help restart the EU economy and achieve an environmentally friendly economic recovery after the new crown pneumonia epidemic.

According to reports, one of the projects that received investment is in France, and the other six are in Belgium, Italy, Finland, the Netherlands, Norway, Spain and Sweden.

According to the report, the investment in these projects is the first investment of the EU Innovation Fund. The goal of the fund is to allocate 25 billion euros in the next ten years to develop low-carbon technologies to help decarbonize the EU economy. (Compile/Shen Jian)

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