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Paragraph from EU commission’s website: REPowerEU plan: Funding: “The Innovation

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Paragraph from EU commission’s website: REPowerEU plan: Funding: “The Innovation Fund, established by Article 10a(8) of Directive 2003/87/EC of the European Parliament and of the Council 3 , is one of the key Union financing programmes contributing to the achievement of the objectives of the European Green Deal and particularly of the European Climate, committing the Union to the achievement of climate neutrality by 2050. The Innovation Fund aims to bring closer to the market highly innovative technologies, processes and products that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions in sectors listed in Annex I to Directive 2003/87/EC. The Innovation Fund is to be financed from the revenues resulting from the auctioning of the allowances under the system for greenhouse gas emission allowance trading within the Union as well as from the non-disbursed revenues of the predecessor NER300 Programme. The Innovation Fund revenues are therefore becoming available on a gradual basis. The Recovery and Resilience Facility (RRF- Program) is the key instrument at the heart of NextGenerationEU to help the EU emerge stronger and more resilient from the current crisis. National plans for spending RRF support will have to meet binding climate and digital goals. This will help the EU achieve its target of climate neutrality by 2050 and set it on a path of digital transition, creating jobs and spurring growth in the process. Focus on: – Are public funding instruments (such as EU Innovation Fund, RRF- program or IPCEI- program) crucial drivers for achieving energy and climate goals to be climate neutral by 2050? (such as European Green Deal, Paris Agreement?) – The effects of EU R&D and investment funding on innovations regarding new technology and green transfer and business performance in EU member states Other topics to concern – Does public subsidies, such as EU grants or national funding instruments have an impact on companies R&D inputs or decisions (in Europe). – Is there any research that shows that the subsidies that companies receive accelerate investments in new technology projects? – Focus on whether companies that receive public funding from EU or national authorities do more likely/ more easily invest in R&D activities? – Is there any research that what would be the role of public funding on national/ EU level in the future? Increasing, decreasing etc. I would kindly ask your help to carry out: – 20- 30 pages long literature review/ essay of above mentioned topics – Focus can be mainly on large companies that are located in some European member states

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