The European Commission has recently announced several new calls for proposals under the Innovation Fund, aimed at fostering the development and deployment of innovative low-carbon technologies. These initiatives are designed to strengthen Europe’s manufacturing capacity, enhance technological leadership, and bolster supply chain resilience. The latest calls were launched in early December 2024, and include:

Innovation Fund 2024 Call (IF24 Call)

With a total budget of €2.4 billion, this call supports decarbonization projects across various scales. It focuses on the manufacturing of components for renewable energy, energy storage, heat pumps, hydrogen production, and pilot projects. The submission deadline is April 25, 2025 More information here.

Innovation Fund 2024 Battery Call (IF24 Battery)

With a total budget of €1 billion, this call targets the manufacturing of electric vehicle battery cells, aiming to enhance Europe’s competitiveness in this vital sector. The submission deadline is April 25, 2025. More information here.

Innovation Fund 2024 Auction

With a total budget of €1.2 billion, this auction supports projects through competitive bidding, particularly in the renewable hydrogen sector. The submission deadline is February 20, 2025. More information here.

These funding opportunities are financed by revenues from the EU Emissions Trading System (EU ETS) and align with the European Union's ambitious goal of achieving climate neutrality by 2050. Interested applicants can access further details and submit their proposals through the European Commission's Funding & Tenders Portal.

A critical component of these applications is the calculation of greenhouse gas (GHG) emissions, which significantly influences the evaluation scores. For this, net GHG savings driven by the project are determined by comparing baseline GHG emissions (current scenario without the project) with projected project emissions. The EU’s GHG calculation methodology should be followed, using standard emission factors, clearly defining system boundaries, and providing transparent data sources. Where applicable, a life cycle analysis (LCA) aligned with recognized standards (e.g., ISO 14040/14044) should also be conducted. Comprehensive documentation, sensitivity analyses, and evidence supporting the calculations are essential to ensure compliance with EU ETS requirements and alignment with EU climate objectives. Templates provided by the EU must be used for consistency, and independent verification may be required.

At WeLOOP, we have extensive expertise expertise and proven experience in GHG calculations and avoided emissions within the framework of the Innovation Fund. Having successfully supported a previous awardee, we are well-equipped to assist you in calculating your avoided GHG emissions.