Luxembourg participates in projects financed by the EU Innovation Fund, which supports innovative industrial initiatives. For example, projects related to energy storage, recycling and carbon capture and storage (CCUS) are being developed to reduce emissions in energy-intensive industries.
Within wind power initiatives, Luxembourg is collaborating on cross-border projects in the North Sea to expand offshore wind power capacity to 120 GW by 2030.within wind power initiatives, Luxembourg is collaborating on cross-border projects in the North Sea to expand offshore wind power capacity to 120 GW by 2030.
Luxembourg is a leader in sustainable finance with financial instruments for clean energy projects, pioneering this type of bond.Luxembourg is a leader in sustainable finance with financial instruments for clean energy projects, pioneering this type of bond.
Luxembourg has already implemented a large number of measures to contribute to the preservation of the environment, and its efforts have led it to occupy a fairly favorable position in rankings such as the climate change performance index.
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