State aid: Commission approves €2.9 billion Spanish scheme to compensate energy-intensive companies for indirect emission costs* The European Commission has approved, under EU State aid rules, a Spanish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading System (‘ETS'). Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €2.9 billion scheme enables Spain to reduce the risk of energy-intensive industries moving production to locations with less ambitious climate targets than the EU. At the same time, it will promote a cost-effective decarbonisation of the economy in line with the Green Deal objectives, while protecting
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The EU Commission approves a €2.9 billion Spanish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs
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