ITRE Factsheet

Fact Sheet

The Committee on Industry, Research and Energy

European Green Deal: The European Green Deal (EGD) is the European Commission’s vision for a carbon-neutral EU industry and economy by 2050. The EGD pledges to mobilise €1 trillion in sustainable investments combined from different EU research and development funds.

European Innovation Council: The European Innovation Council is an EU body that aims to identify and support breakthrough technologies and game-changing innovations, with an allocated budget of €10.1 billion.

EU Emissions Trading Scheme: The EU has launched this Cap & Trade based emissions trading system for allocating tradable emissions permits to industry stakeholders in the EU/EEA area. 

Horizon Europe: The current EU funding framework programme for research and innovation is called Horizon Europe. It has a budget of €95.5 billion for the period 2021-2027.

Just Transition Fund: The European Commission manages the Just Transition Fund that supports European regions facing severe socio-economic challenges due to the green transition.

The LIFE Programme for the Environment and Climate Change: The LIFE Programme is an EU framework that supports public, private and non-governmental stakeholders in implementing low-carbon technologies and green transition approaches.