Commission and industry invest €22 billion in new European Partnerships to deliver solutions to major societal challenges
Daily News 14 / 06 / 2021
Source: European Commission Spokesperson's Service
Today, the Commission launched 11 new European Partnerships together with industry, to boost investments in research and innovation and to overcome major climate and sustainability challenges, towards making Europe the first climate neutral economy and delivering on the European Green Deal.
In line with the goals of the ‘twin' green and digital transition, the Partnerships will also deliver on the EU's digital ambitions for the next decade, Europe's Digital Decade. They will receive over €8 billion from Horizon Europe, the new EU research and innovation programme for 2021-2027. The total commitments, including those from private partners and from Member States, amount to around €22 billion. This critical mass of funding allows the Partnerships to pursue innovative solutions on a large scale, for example to tackle emissions from energy-intensive industries and hard-to-decarbonise sectors, such as shipping and steel-making, as well as to develop and deploy high-performance batteries, sustainable fuels, artificial intelligence tools, data technologies, robotics, and more.
Pooling in efforts, resources and investments jointly and on a large scale under the Partnerships will also generate long-term positive impacts, boost European competitiveness and technological sovereignty and create jobs and growth. The Commission adopted today Memoranda of Understanding to launch the Partnerships, which will start their operations immediately.
A signature ceremony for the Memoranda of Understanding will take place at the European Research and Innovation Days on 23 June. More information is available in this press release.