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A $43 billion fund with its high-stakes bets is gambling with Europe's climate goal

The European Union s Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU s 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks.

Early green tech failures cast doubt on Europe's $40 billion 'must-succeed' innovation fund

A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of…

EU's $40 Billion Clean Tech Fund Makes Big Bets, Early Stumbles

The $40 Billion Fund That's Gambling With Europe's Climate Goal

(Bloomberg) A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksA Million Simulations, One Verdict for US Economy: Debt Danger AheadErdogan Suffers Historic Loss in Turkey Municipal ElectionsTrump Media’s Business Doesn’t MatterCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownT

Wind propulsion – 'there has never been a better time'

Maritime wind propulsion has moved from a concept to actual sail installations aboard an estimated 60 vessels