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COP27: EIF supports €2.5 billion of climate action investment with five venture capital, private equity and infrastructure fund partners

The EIF is committing €250 million with five equity funds to mobilise €2.5 billion of climate action and environmental sustainability investment across Europe: Growth Blue Fund I, PureTerra Ventures, Zintinus Fund I, SUMA Capital Climate Impact Fund III and Eiffel Transition Infrastructure Fund. The funds will invest in food innovation, renewable energy, energy efficiency, the circular economy, blue economy and water. Four of the five agreements (Growth Blue Fund I, PureTerra Ventures, SUMA Capital Climate Impact Fund III and Eiffel Transition Infrastructure Fund) are supported by the InvestEU programme. InvestEU brings together EU financial tools to support investment by making project financing simpler, more efficient and more flexible. At the COP27 climate conference, the European Investment Fund (EIF), Europe’s largest venture capital and private equity financier, signed investments totalling €247 million to enable five equity funds to back €2.5 billion of climate action investment that helps to deliver the European Union’s climate and energy targets. COP27: Az EBA 2,5 milliárd EUR összegű éghajlat-politikai beruházást támogat öt kockázatitőke-, magántőke- és infrastrukturális alappal rendelkező partnerrel (eib.org)

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THE DANUBE REGION TRANSPORT DAYS 2022

“Towards energy efficient, sustainable transport” All transport modes strive to be sustainable. Efforts for clean transport are lately accompanied by the new reality of high energy prices and the EU energy deficit. As there is still much to be achieved in terms of energy saving in all modes of transport, it is necessary to examine possible ways and developments of energy efficiency in transport. What incentives are available for the transport sector to reduce energy consumption? This conference aims to directly or indirectly address at least some of them. Monday and Tuesday, 28th & 29th November 2022 Ljubljana / Slovenia Registration Link:

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Another big day for European hydrogen

Members of the European Parliament have decided to support a hydrogen-based green transition in the transport sector, because they can see the bigger, long-term picture: that hydrogen is a necessary and opportune tool to achieve carbon neutrality and energy security in Europe. With this vote, the EP has sent a strong signal that clean hydrogen mobility is a viable and realistic solution to move away from fossil fuels in the transport sector. In 19 oktober 2022 plenary vote, parliamentarians opted to keep the targets proposed by the Rapporteur Ismael Ertug and their committee colleagues in a vote earlier in October. A maximum distance of 100km between each hydrogen refuelling station, along both the core and comprehensive TEN-T networks, will mean that by the time the infrastructure is in place by end of 2027, up to 1,780 HRS could be available across Europe, suppling up to 1million ton of hydrogen per year, sufficient to power up to 59,000 trucks (assuming 60kg/truck per day). Under the council position in its General Approach, no more than 8,000 trucks could be supplied, and the lack of HRS coverage would make it unattractive for drivers and fleet operators. With this vote, the EP has sent a strong signal that clean hydrogen mobility is a viable and realistic solution to move away from fossil fuels in the transport sector. We believe that a strong rollout of hydrogen refuelling infrastructure in Europe will act as a catalyst for similar policies around the globe. The AFIR vote also solves the “chicken and egg” problem – so often faced by new technologies. The roll-out of these stations will encourage vehicle manufacturers to bring more and better fuel-cell vehicles to the market, improving their performance and reducing their cost, which in turn will lead to uptake in fuel cell vehicle adoptions by both commercial and private users.

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