⏰ The time for action is now: the world cannot wait for decarbonisation technologies to develop on their own.
🌍 At the
#COP26, President Ursula von der Leyen and Bill Gates, the Founder of Breakthrough Energy, together with European Investment Bank President Werner Hoyer, have officially entered a pioneering partnership that will boost investments in critical climate technologies.
🤝 The
#EUCatalystPartnership aims to mobilise new investments of up to €820 million/$1 billion between 2022-26. It will start by funding projects across four technologies:
🌀 Green hydrogen
✈ Sustainable aviation fuels
💨 Direct air capture
⚡ Long-duration energy storage
📍 We prioritise innovation because it is essential to reach our goal of
#NetZero.
Press corner | European Commissionhttps://ec.europa.eu/commission/presscorner/detail/en/qanda_21_5647Launch of EU Catalyst Partnershiphttps://www.youtube.com/watch?v=fpf1R47bqtM