Governance
The EU Emissions Trading System (ETS) Directive defines the roles and responsibilities of the beneficiary Member States, the European Investment Bank (EIB), the Investment Committee and the European Commission.
Investment
Committee
The Investment Committee meets twice a year to assess non-priority investment proposals.
European
Investment Bank
The European Investment Bank auctions the European Union Allowances of the Modernisation Fund, assesses investments proposed by the beneficiary Member States, manages revenues and transfers resources.
European
Commission
The European Commission takes the disbursement decision and chairs Investment Committee.
