| Description | The European Investment Bank (EIB), in cooperation with the European Commission, has approved a new ETS2 Frontloading Facility that will make €3 billion available to Member States to accelerate investments in the decarbonisation of buildings and road transport.
The facility allows participating Member States that have transposed the ETS2 Directive into national law to access financing before the new emissions trading system for buildings and road transport becomes operational in 2028. By providing funding in advance of future ETS2 revenues, the initiative aims to accelerate climate investments while ensuring a socially fair transition.
The funding represents an important step in supporting the early deployment of clean technologies, reducing energy consumption and lowering transport emissions across the European Union.
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