This report presents the first evaluation of the EU Modernisation Fund, established in 2021 to help lower-income Member States modernise their energy systems, improve energy efficiency and advance the transition to a low-carbon economy. Financed through EU Emissions Trading System revenues, the Fund is a major solidarity instrument within the EU climate policy framework.<\/p>\n\n\n\n
The evaluation finds that the Fund has already reached significant scale: by mid-2025, 194 investments had been approved across 12 Member States, representing \u20ac18.9 billion in disbursements and approximately \u20ac71.7 billion in total estimated investment costs. Most funding is directed towards renewable energy, energy efficiency, storage and energy-network modernisation.<\/p>\n\n\n\n
Its distinctive contribution is to look beyond financial commitments and assess how effectively funding is converted into projects and results on the ground. Combining a purpose-built investment database, stakeholder surveys, interviews and case studies, the study identifies the governance, administrative-capacity, monitoring and permitting factors that shape implementation. It also provides forward-looking recommendations on simplification, digitalisation, stronger monitoring, coordination with other funding instruments and the inclusion of emerging low-carbon technologies.<\/p>\n","protected":false},"template":"","solution":[133],"sector":[86],"class_list":["post-67814","report","type-report","status-publish","hentry","solution-evaluation-nl","sector-entrepreneurship-nl"],"acf":[],"yoast_head":"\n