The Innovation Fund expert group (IFEG) will assist the Commission with the development of a new fund supporting the demonstration of innovative low-carbon technologies. The Innovation Fund, covering innovative renewable energy technologies, energy intensive industry, energy storage and CCS, is established by Directive (EU) 2018/410 of the European Parliament and of the Council of 14 March 2018 amending Directive 2003/87/EC to enhance cost-effective emission reductions and low-carbon investments ('the ETS Directive'). The operating rules of the Fund will be laid out in a Delegated Act supplementing the ETS Directive. The Group will advise the Commission on the different aspects of the operation of the Innovation Fund such as its eligibility criteria, application and selection procedures or governance. The Group will also advise on how to maximise the benefits of the Fund through crowding-in of public and private investments and knowledge sharing.
• Assist the Commission in the preparation of delegated acts
• Coordinate with Member States, exchange of views