European Energy Transition Fund

The European Energy Transition Fund (EETF) is a fund administered by the European Commission, specifically the European Commissioner for the Environment and Energy, that aims to invest in Europe to support the environment and a renewable transition. Its aims are in five main categories;
 * Ensure the European energy mix is as free as possible from imports of foreign energy resources by helping the member states meet the European Energy Mix Decision.
 * Support European wide research into renewable energy and nuclear technology working alongside the European Atomic Energy Community.
 * Fund cross-border energy infrastructure such as joint hydro-electric dams or wind-turbines that can supply multiple countries with renewable energy.
 * Bolster energy efficiency across the European Union with investment into the development of new technologies as well as the European Super Grid.
 * Protect the economies of the middle-income member states by targeting funding in the countries who have only recently embraced renewable energy policy.

The Fund has an average yearly capital of around €8.875bn or €71bn Per Multi-Annual Financial Framework. The money is dependent on income from the European Carbon Tax, with the fund receiving 20% of the money raised from it. Broken down per year of the Multi-Annual Financial Framework (2027-2034) the following is the funding per year;
 * 2027 - 8.094
 * 2028 - 9.093
 * 2029 - 9.548
 * 2030 - 9.530
 * 2031 - 9.641
 * 2032 - 9.032
 * 2033 - 8.730
 * 2034 - 7.337