The EU Commission approves Slovakian scheme worth €1.1B partially funded under Recovery and Resilience Facility to help industry decarbonise production processes and become less energy-intensive

State aid: Commission approves €1.1 billion Slovakian aid schemes partially funded under Recovery and Resilience Facility to help industry decarbonise production processes and become less energy-intensive* The European Commission has approved, under EU State aid rules, two Slovak schemes with a total budget of over €1.1 billion to help companies subject to the EU Emission Trading System (‘ETS') decarbonise their production processes and improve their energy efficiency. The schemes will be made available in part through the Recovery and Resilience Facility ('RRF') and in part through the EU Modernisation Fund. The measure contributes to the achievement of theEuropean Green Deal targets, while helping reduce dependence on imported Russian fossil fuels and fast-forward the green transition,