On 25 March 2022, ZEP responded to the stakeholder consultation on the certification of carbon removals. This will contribute to the European Commission's necessary and significant step towards integrating carbon removals into EU climate policies.
The European Commission received 138 project proposals after the Innovation Fund closed its second call for large-scale projects on 3 March 2022. A total of €1.5 billion is to be made available for projects supporting the European Green Deal. On 11 March, the Commission reported that the project submissions represented €12.1 billion in requested funding.
The European Union condemned the invasion of Ukraine by Russia on 24 February 2022 and has adopted a package of economic sanctions. The EU is also seeking to reinforce its energy autonomy and address rising energy prices.
Key elements are highlighted in this ZEP Briefing.