(CIANEWS) - The Ministry of the Environment of the Czech Republic (MŽP) will release CZK 13bn from the Modernisation Fund, which industrial enterprises can obtain for greening. Applicants can apply for subsidies of up to 75% of the money spent in two calls for proposals, depending on the type of project, the size of the company, and the region where the company is located. The subsidy will be awarded to companies operating facilities covered by the EU Emissions Trading Scheme (EU ETS). The funding will help large CO2 emitters with energy savings, switching to renewable energy sources and greener production methods. These include producers of steel and iron, glass, cement and lime, pulp and paper, representatives of the chemical or food industry, as well as large hospital facilities.