Through innovative research, the Moonshot initiative seeks to develop breakthrough technologies by 2040. With these technologies, the Flemish industry will be able to implement new processes, develop new products and reduce CO2 emissions. This reduction is critical to avert a climate crisis. The EU, for example, has set itself a long-term target of reducing greenhouse gas emissions by 80-95% by 2050, compared to 1990 emission levels. Flanders has also adopted this 2050 target.
Taking into account ten-year investment cycles, the combined 2040 and 2050 targets give the Flemish industry a ten-year window to implement breakthrough technologies, become carbon circular and low in CO2 by 2050, and support Flanders in fulfilling its climate commitments.
To meet these targets, the Flemish Government will invest 20 million euros in the Moonshot initiative every year from 2020 to 2040, totalling 400 million euro.
For Flanders and beyond
Through the Moonshot initiative, Flanders can remain a competitive and attractive region for the businesses of tomorrow. Flanders can also help other countries address climate challenges and meet climate commitments as the Flemish breakthrough technologies can be put in place internationally. This allows Flanders to position itself on the international stage as a top region for research and innovation.