Flanders joins PHOENIX!
Flanders has officially joined the PHOENIX Initiative. We welcome our new partner and look forward to future endeavours.
The PHOENIX Initiative is a collaborative effort supported by the EU Member States and regions Flanders, France, Germany, the Netherlands, and the European Chemical Industry Council (Cefic). PHOENIX will function as an umbrella initiative linking national and European RD&I activities with respect to CO2 valorisation to ensure an optimal use of public funding and private investment.
PHOENIX will interact with all relevant stakeholders from industry through research institutions to national governments and the European Commission.
The first call of the ETS Innovation fund is expected to be launched in July 2020 and will consider CCU as one of the focus areas for projects.
The EU Emissions Trading System (EU ETS), the world’s largest carbon pricing system, is providing the revenues for the Innovation Fund from the auctioning of 450 million allowances from 2020 to 2030, as well as any unspent funds from the NER300 programme.