Update - REPowerEU funds from Innovation Fund to be auctioned from 2024
The European Commission has confirmed that front-loaded REPowerEU volumes drawn from the Innovation Fund will not be auctioned before 2024. Reporting on this news initially prompted a bullish market reaction.
The broader REPowerEU plan seeks to raise €20bln from the monetization of EUAs, with 40% of volumes drawn from member state auctions and 60% from the Innovation Fund. On 27 March, the European Commission announced that the member state share will begin to ...
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