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Decarbonisation Drive: EU's Emissions Trading System Evolution
The European Union is focusing on reinvesting Emissions Trading System revenues into industrial decarbonisation. Currently, less than 5% of these funds are utilized for this purpose. The Industrial Decarbonisation Bank, with a budget of €100 billion, aims to finance innovative projects that reduce emissions. Upcoming legislation, such as the Industrial Accelerator Act, will introduce low-carbon requirements, promoting sustainable growth across key industries in Europe.
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