Members of the European Parliament have voted in favour of updating the legal framework of the EU’s research fund for coal and steel. Some of the measures include financing the discovery and implementation of new technology.
The EU fund will complement Horizon Europe’s research and innovation program so that countries can meet their net-zero carbon goals by 2050. The program will plan a partnership in the near term that will focus on innovative and sustainable steel manufacturing.
Metal and mining companies will have access to financial aid to develop clean energy in former coal mines and exploit geothermal energy. They will also be able to finance CO2 capture testing and recycling, or projects to improve batteries especially those that involve turning coal waste into anodes or to produce green hydrogen.