About the programme
The Modernisation Fund supports the modernisation of energy systems and the improvement of energy efficiency in 13 lower-income EU Member States.
Established in 2018 for the 2021-2030 period, it aims to help the beneficiary Member States achieve their climate targets and the objectives of the European Green Deal by supporting investments in:
- renewable energy,
- energy efficiency,
- energy storage and the modernisation of energy networks
- support for low-income households to address energy poverty,
- just transition in carbon-dependent regions.
The Modernisation Fund is financed by revenues from the auctioning of emission allowances under the European Union Emissions Trading System (EU ETS).
