How to Design the Working and Funding of the Industrial Decarbonization Bank?

• Florence School of Transnational Governance
• STG Climate

Session as part of EUI Climate Week 2026

The Clean Industrial Deal announced the creation of the Industrial Decarbonisation Bank with an endowment of €100bn with a view to scale up low-carbon investment. Following the EU Council of March the commission announced to kickstart the new instrument with a proposal in July 2026. The plan is to build further on the best experiences gained so far under the Innovation Fund. On top of that the EU needs to work closely together with the EU Member States, who continue to receive the bulk of the ETS revenues.

This session as part of EUI Climate Week aims to address the question of whether there are suitable models or templates for the future Industrial Decarbonisation Fund, such as the US IRA or Carbon Contracts for Difference, and how the Fund could be financed—including whether free EU ETS allowances could complement auctioning revenues.

Chair: Jan Cornillie, European University Institute and 3E

Lead discussants:

• Benjamin Görlach, Agora Energiewende
• Stefaan Vergote, European Commission

Conclusion: Julia Michalak, European University Institute

Participation in this event is by invitation only and all deliberations will take place under the Chatham House rule (no views or positions may be attributed publicly to any participant).

More information and the full programme of the EUI Climate Week 2026 can be found here.