Externalities and opportunities – impact of new transport & heating solutions on air quality in our cities

As a fund, InnoEnergy aims to simplify and shorten the journey from lab to launch. We focus on developing and investing in innovative and commercially viable products and solutions, and we finance multi-skilled partnerships that significantly reduce the risks of product development. We provide researchers and inventors with access to a deep pool of complementary skills and resources, and connect them to markets and commercial opportunities across Europe. Our collaborative model encourages businesses of all sizes to participate in innovative partnerships, consider new ideas and support new research from across Europe.

Recently, we have finalized a broad study into the impact of energy innovation, novel business models and policy enablers on the reduction of smog and other forms of air pollution linked to urban energy consumption. The Clean Air Challenge report has been drafted in response to the European Commission’s recent assertion that smog may account for as many as 1 in every 10 premature deaths in the world, and will cost the EU an astonishing €475 billion per year between 2018 and 2025. That represents 2.9 per cent of average annual GDP. ... mehrOur study outlines what can be achieved within the air quality domain through boosting the penetration of economically viable, novel technologies and solutions for transportation and heating, indicating that smog reduction through the adoption of innovative solutions could save European citizens €183 billion by 2025.

In coming years solutions for tackling air pollution will be one of the key focus points of InnoEnergy investment policy.