European Innovation Council designates carbon removal as 2027 Accelerator priority

The European Innovation Council (EIC) and EISMEA have included carbon dioxide removal and utilisation as priority areas for the 2027 EIC Accelerator Challenges. An indicative budget of €50 million ($55 million) is allocated to fund start-ups and SMEs developing solutions in this field. This initiative aims to address financial and operational barriers for emerging climate-tech enterprises, particularly those involved in durable carbon removal approaches. Successful applicants will receive direct funding for industrial-scale testing and access to Business Acceleration Services, including facilitated entry to the proposed EU Carbon Removals and Carbon Farming Regulation (CRCF) Buyers’ Club.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.