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EU awards $4bn to clean hydrogen and other decarbonisation projects

Various European decarbonisation projects to receive funding from the EU’s Innovation Fund that will use the revenues from the Emissions Trading System to kickstart clean energy investments

Fortescue Future Industries, Motor Oil Hellas, Uniper and Iberdrola among winners that will receive EU funding of up to $4bn for their decarbonisation investments, as efforts to boost domestic clean hydrogen production increase in Europe to compete with the US’ Inflation Reduction Act

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