The Research Fund for Coal and Steel (RFCS) was created by the transformation on the European Coal and Steel Community (ECSC), which finished to exist in 2002 after 50 years of existence. The fund supports research projects focused on coal and steel. The projects are focused on: production processes, use, utilization and corvension of resources, labor safety, enviromental protection and CO2 emissions from coal use and steel production.
The Coal and Steel Research Fund is a follow-up to the European Coal and Steel Community (ECSC), which disappeared in 2002. The Contract about the European Coal and Steel Community was signed in 1951 and entered into validity on July 25, 1952. In discussions preceding the expiration it showed that the coal and steel sector no longer plays such an economic and strategic role for peacekeeping. Therefore, there is no need to renew the contract. The industrial sectors of coal and steel have been transferred under the standard management, established by the Contract establishing the European Community. The assets of the European Coal and Steel Community were intended to support the RFCS research program (for research in the coal and steel sectors). In 2000, financial rules and technical guidelines for future research activities of the Research Fund for Coal and Steel were established. Every year, around € 55 million is available to finance colleges, universities, research centers and private companies projects.