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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. ....

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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 ....

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EU to invest nearly €204m in Fortescue's proposed green ammonia plant in Norway

EU to invest nearly €204m in Fortescue's proposed green ammonia plant in Norway
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Fortescue Awarded €200MILLION In European Union Funding For Norway Green Hydrogen And Ammonia Project

The European Union (EU) has endorsed and chosen to significantly invest in Fortescue’s plans for a flagship green ammonia plant in Norway, awarding the ....

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Fortescue's Holmaneset Green Hydrogen Project Gets €200M EU Boost

Fortescue has secured €200 million ($219 million) in EU funding for its Holmaneset project, a 300MW green hydrogen and ammonia plant situated west of Svelgen, Norway. ....

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