State aid: Commission approves €687 million Finnish scheme to compensate energy-intensive companies for indirect emission costs* The European Commission has approved, under EU State aid rules, a Finnish 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 €687 million scheme paves the way for Finland to reduce the risk of carbon leakage for its energy-intensive industries. At the same time, it will promote a cost-effective decarbonisation of the economy in line with the Green Deal objectives, while protecting competition in the Single Market.” The Finnish measure
The EU Commission approves a Finnish scheme worth €687M to compensate energy-intensive companies for indirect emission costs
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