In Short The Development: The European Commission ("Commission") adopted new Guidelines on State Aid for Climate, Environmental Protection and Energy ("CEEAG") on 27 January 2022. The CEEAG revise criteria that the Commission will now apply to determine whether EU Member State financing to private companies in the field of climate, environmental protection, and energy is compatible with EU law. Background: The CEEAG replace the Guidelines on State Aid for Environmental Protection and Energy 2014-2020 ("EEAG"). The CEEAG align the State aid rules with the European Green Deal, which details the EU strategy for climate and environmental-related challenges and targets no net emissions of greenhouse gas in 2050. Looking Ahead: The Commission's intent in updating the CEEAG is to facilitate

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