The European Union (EU) became officially member of the North Pacific Fisheries Commission (NPFC) on 23 March 2022. The NPFC is a Regional Fisheries Management Organisation (RFMO) established in 2015 to ensure the long-term conservation of the stocks and protection of the marine ecosystems of the North Pacific Ocean. The main target species currently regulated by the NPFC are Pacific saury, chub mackerel, sablefish, Japanese sardine, neon flying squid, Japanese flying squid, as well as, some deep sea species.
On 1 April, the Commission signed grant agreements of €1.1 billion with seven large-scale projects via the EU Innovation Fund, funded by revenues from the EU's Emissions Trading System (ETS). These projects aim to reduce emissions by over 76 Mt of CO2eq during the first ten years of operation. The seven projects are deploying innovative low-carbon technologies at industrial scale, covering key sectors such as hydrogen, steel, chemicals, cement, solar energy, biofuels, and carbon capture and storage.
The European Commission is launching the Innovation Fund’s second call for small-scale projects making available EUR 100 million for projects in renewable energy, energy-intensive industries including substitute products, energy storage, and carbon capture, use and storage.
The European Commission is starting negotiations with Ukraine so that the country can join the LIFE programme.
The 2022 BlueInvest Day took place on Monday 28 March 2022 in Brussels (both in person as well as online) featuring European Commissioner Virginius Sinkevičius and European Investment Fund (EIF) Deputy Chief Executive, Roger Havenith who took on the occasion to announce a new dedicated equity initiative for the blue economy under InvestEU. The initiative will mobilise an additional €500 million of EU funds for financial intermediaries investing in this sector.