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A $43 billion fund with its high-stakes bets is gambling with Europe’s climate goal

By Economic Times - 8 months ago
The European Union's Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU's 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks.

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