Considering the data for the EU, the largest recipient of RDD funding for bioenergy projects over the 10-year period was France with 30%, followed by Germany with half that amount, or 16%, Sweden with 10%, Spain with 9%, the Netherlands, Finland and Denmark with 6% and Italy with 5%. All other EU Member States received less than 5% of total RDD funding for bioenergy projects. 2.6.1. Venture Capital and Private Equity the UK, the US, Canada, China and the Rest of the World. Investments peaked in 2022, reaching EUR 700 million globally, with the largest share of investments in the Us, followed by the Rest of the World and the EU. In 2023, they reached EUR 550 million, with the largest share of investments in Canada and the EU, followed by the US and the Rest of the World. The main investments contributing to this are California Bioenergy (US, EUR 476 million in 2022) and Airex Energy (California, biomass waste torrefaction, EUR 122 million in 2023). In 2024, global venture capital investments fell to EUR 159 million (-71% compared to 2023), a level of investment similar to that recorded before 2019. This is due to a sharp decline in investments in the US and Canada, which had increased sharply in 2022 and 2023, but reached historical lows in 2024. Despite some volatility, VC investments in the EU have shown an upward trend since 2019. In 2024, investments