As a vital instrument of the “integrated national energy and climate plan” (NEKP), the climate and energy fund works towards achieving the objectives of domestic climate policy in Austria and developing a sustainable energy system. With funding programmes for research, development and market penetration, it enables broad-based solutions that mitigate climate change and preserver the natural habitat. The Climate and Energy Fund receives funding from the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (BMK) and supports projects for the innovative transformation of the energy and mobility system for a fossil-free future. Sustainability and efficiency are important cornerstones of all measures.
The Climate and Energy Fund law formulates three target areas on which the sponsorship strategy of the climate fund is orientated.
- Research and development in the area of sustainable energy technologies and climate research,
- Boosting projects in the area of public local and regional transport, environmentally friendly goods transport and mobility management projects and
- Boosting projects for supporting the market penetration of sustainable energy technologies relevant to the climate.