NER300 is a funding programme regarding Carbon Capture and Storage (CCS) and Renewable Energy Sources (RES) technologies within the European Union.
The programme intends to support a wide range of CCS and RES technologies. The projects include a wide range of CCS technologies (pre-combustion, post-combustion, oxyfuel, and industrial applications) and RES technologies (bioenergy, solar power, photovoltaics, geothermal, wind energy, hydropower and smart grids).
The NER300 will be funded from the sale of 300 million emission allowances from the New Entrants Reserve (NER) set up for the third phase of the EU Emissions Trading System (ETS). Reserve (NER) set up for the third phase of the EU Emissions Trading System (ETS). The funds from the sales will be distributed to projects selected through two rounds of calls for proposals, covering 200 and 100 million allowances respectively. The European Commission is responsible for the overall management and implementation of NER300. In this, the Commission draws on the unique expertise of the European Investment Bank (EIB) to evaluate proposals submitted by Member States, to sell NER allowances on its behalf, and to manage the revenues and the disbursement of funds to Member States during project implementation.
NER300 funding is expected to leverage a considerable amount of private investment and/or national co-funding across the EU, boost the deployment of innovative low-carbon technologies and stimulate the creation of jobs in those technologies within the EU.
The Combined Heat and Power (CHP) system is a part of a biogas plant producing eletric and thermal energy through an internal combustion engine. more