State aid: Commission approves €1.36 billion Greek scheme to compensate energy-intensive companies for indirect emission costs* The European Commission has approved, under EU State aid rules, a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading System (‘ETS'). The Greek measure The scheme notified by Greece, with a total estimated budget of €1.36 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 outside
The EU Commission approves €1.36B Greek scheme to compensate energy-intensive companies for indirect emission costs
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