State aid: Commission approves €27.5 billion German scheme to compensate energy-intensive companies for indirect emission costs The European Commission has approved, under EU State aid rules, a German 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 €27.5 billion scheme will allow Germany to reduce the impact of indirect emission costs on its energy-intensive industries and hence the risk that these companies relocate their production to countries outside the EU with less ambitious climate policies. At the same time, the measure will facilitate a cost-effective decarbonisation
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The EU Commission approves €27.5B German scheme to compensate energy-intensive companies for indirect emission costs
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