The European Commission has launched the fifth call of the Innovation Fund — one of the world's largest decarbonization funding programs.Of a total €4.6b budget, €2.4b is available for decarbonization, €1b for electric vehicle batteries, and €1.2b for renewable fuels of a non-biological origin (RFNBO) hydrogen auction.Although the budget has decreased in this round as a result of the decrease of carbon permits price, the program remains of high interest to businesses seeking to invest in innovative decarbonization.Businesses in this space should carefully review the funding eligibility criteria and plan for a successful application by the 24 April 2025 deadline...