The Innovation Fund is one of the world’s largest funding programmes for the deployment of innovative net-zero and low-carbon technologies. Established by Article 10a (8) of Directive 2003/87/EC to support innovation across all EEA Member States, it is one of the key tools of the European Green Deal Industrial Plan.
Financed by revenues from auctioning allowances from the European Union Emissions Trading System (EU ETS) and with an estimated revenue of approximately €40 billion between 2020 and 2030, the Innovation Fund aims to help businesses invest in clean energy and bring technologies to market that can decarbonise European industry, while fostering its competitiveness.
So literally no reason whatsoever for Israel to be involved. They aren't an EEA member, they aren't European and they have little involvement in EU industry that justifies their involvement over say, Turkey, or the US.
Due to a referendum on restricting free circulation and other negative action against EU citizens the Swiss lost their right to participate in a number of EU initiatives.
I mean Im completely in favour of a total embargo (not only military material which should be in place for decades now) and going after a genocidal state. Just telling the reason for Swiss exclusion of Horizon Europe.
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u/eloyend Żubrza 🌲🦬🌳 Knieja 2d ago
I understand Norway and UK - what Israel is even doing here, though?