The European Innovation Fund is a European Union financing program that supports the demonstration and early deployment of innovative low‑carbon technologies across the EU and EEA. Funded by revenues from the EU Emissions Trading System and implemented by the European Commission (via CINEA), it provides grants and other support mechanisms to accelerate industrial decarbonisation and the scale‑up of climate solutions.
The fund targets energy‑intensive sectors—including chemicals, cement, steel, and refining—as well as renewable energy and energy storage. Priority areas include carbon capture, utilisation and storage (CCUS), renewable hydrogen, electrification of process heat, and advanced renewable and efficiency technologies. Support is awarded through competitive calls and auctions for both large‑ and small‑scale projects, aiming to reduce greenhouse gas emissions, bridge cost gaps versus fossil options, and improve the competitiveness of clean industrial production in Europe.
