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EU's Green Boost: New State Aid Rules to Accelerate Carbon Neutral Projects
EUROPEAN UNION, JUN 25 – The framework allows up to €200 million in aid per project to support clean tech manufacturing and provides temporary electricity price relief to energy-intensive industries, accelerating EU decarbonization efforts.
- On Wednesday, the European Commission unveiled new state aid rules valid until the end of 2030 to accelerate green initiatives across the EU.
- These rules replace temporary frameworks set after the Covid-19 pandemic and Ukraine invasion to simplify state aid for decarbonization and renewable rollout.
- The framework permits member states to grant aid including grants, tax benefits, and temporary electricity price relief for energy-intensive industries.
- Vice-President Teresa Ribera said the changes recognize the state's strategic investor role to support climate ambitions and strengthen European industry competitiveness.
- The overhaul aims to ensure a just green transition, promote social equity, and help European industries compete globally as part of the Clean Industrial Deal.
34 Articles
34 Articles
The European Commission yesterday approved a new state aid framework that should accelerate the development of clean industries, including renewable energy. The Estonian government hopes that this will also give a new impetus to the construction of offshore wind farms. According to the opposition, the agreement will not contribute to Estonia's energy security.
The European Commission has adopted a new State aid framework to enable Member States to accelerate the development of clean industries.
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EU's Green Boost: New State Aid Rules to Accelerate Carbon Neutral Projects
The European Commission has announced new state aid rules to assist businesses in reducing carbon emissions and transitioning to green projects. Effective until 2030, these rules are designed to bolster European industries under the Clean Industrial Deal framework, positioning them competitively against U.S. and Chinese markets.
European industrial policy: State aid has long been taboo in the European Union. But ‘courageous’ action is now necessary, according to the…
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