Europe’s climate goals face hurdles, EU Innovation Fund projects show

Europe’s climate goals face hurdles, EU Innovation Fund projects show
Decarbonising is not working as well as the EU had hoped. (Image: Bloomberg)
Bloomberg
(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.These are a handful of the early results from the European Union’s Innovation Fund, a €40 billion (NZ$71.5b) investment vehicle at the core of Europe’s plans to overhaul its economy to be zero-carbon by the middle of the century. It’s also part of the EU’s counter to the US Inflation Reduction Act; officials hope the subsid...

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