The total disbursement of the EU's Modernisation Fund from 2021 to 2023 amounted to approximately 9.4 billion euros. Romania and Czechia received the largest funding shares throughout this period, at 38 and 37 percent, respectively. The Modernisation Fund - which came into effect in 2021 - is designed to support decarbonization efforts in lower-income EU Member States. It funds areas like energy efficiency, energy storage, and renewable energy generation. The Modernisation Fund is financed by revenues from the auctioning of emission allowances under the EU Emissions Trading System (EU ETS).
Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State
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Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change), & BloombergNEF. (May 15, 2024). Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/
Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change), und BloombergNEF. "Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State." Chart. May 15, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/
Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change), BloombergNEF. (2024). Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/
Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change), and BloombergNEF. "Distribution of Funding Received from The European Union Emission Trading System's (Eu Ets) Modernization Fund between 2021 and 2023, by Beneficiary Member State." Statista, Statista Inc., 15 May 2024, https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/
Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change) & BloombergNEF, Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State Statista, https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/ (last visited October 31, 2024)
Distribution of funding received from the European Union Emission Trading System's (EU ETS) Modernization Fund between 2021 and 2023, by beneficiary Member State [Graph], Various sources (Compass Lexecon, The European Roundtable on Climate Change and Sustainable Transition (ERCST), The Wegener Center for Climate and Global Change), & BloombergNEF, May 15, 2024. [Online]. Available: https://www.statista.com/statistics/1466393/eu-ets-modernization-fund-shares-by-country/
