Brussels: Europe and  Arabs

At the Global Clean Energy Action Forum, the first-ever joint meeting of the Clean Energy Ministerial and Ministerial Innovation Conference, in Pittsburgh, USA, the Commission on Friday reaffirmed its support for accelerating the commercialization of new clean energy technologies.
The Commission will contribute to the challenge with more than €28 billion by 2027 to promote innovation and the diffusion of clean energy technologies, mainly in “hard-to-calm sectors”), through the Horizon Europe programme, the Innovation Fund and InvestEU.
By supporting the commercialization of clean energy technologies (the “Clean Energy Technologies Demonstration Challenge”), countries around the world have set a goal of raising $90 billion in public investment collectively, which in turn will increase private investment.
Projects to be completed this contract.
 This will accelerate the commercialization of new technologies, allow us to break our dependence on volatile and undiluted fossil fuels and work towards an inclusive and equitable transition to clean energy.
In her message to the Forum, Ursula von der Leyen, President of the European Commission, said: “I am delighted to support the challenge of demonstrating clean energy technologies. Research and innovation will support the transition to clean energy, which is more necessary than ever.
 The European Commission will contribute more than €28 billion by 2027 to promote clean energy innovation and deployment, particularly in hard-to-measure sectors. Our EU programs are ready for that. In addition, together with EU member states, we expect Team Europe to make a leading contribution to accelerating the commercialization of new clean energy technologies. One example is the world's first clean hydrogen steel plant, coordinated by the Hybrit Project, which will replace coal-fired blast furnaces with hydrogen-based direct reduction technology.
 The project received funding as part of the first large-scale call for the Innovation Fund for Ventures.