The EU Commission approves a French scheme worth €13.5B to compensate energy-intensive companies for indirect emission costs

State aid: Commission approves €13.5 billion French scheme to compensate energy-intensive companies for indirect emission costs* The European Commission has approved, under EU State aid rules, a French scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading System (‘ETS'). The French measure The scheme notified by France, with a total estimated budget of €13.5 billion, will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs (so-called ‘indirect emission costs') incurred between 2021 and 2030. The support measure is aimed at reducing the risk of ‘carbon leakage', where companies relocate their production to countries