#52026AS122532EU approval of Spain’s compensation scheme for indirect ETS costs
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The European Commission has approved changes to Spain’s state aid scheme that compensates energy-intensive companies for indirect costs linked to the EU Emissions Trading System. The scheme runs from 2021 to 2030 and has an overall budget of €8.51 billion. It affects industrial sectors such as aluminium, steel, paper, chemicals, glass, batteries, textiles, and several mining and metal-production activities. Eligible companies may receive direct grants to offset part of the electricity cost impact of carbon pricing, with the aim of protecting competitiveness while supporting climate and energy policy goals.
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Key Changes
- Approves amendments to Spain’s existing state aid scheme for indirect EU ETS costs
- Confirms a total budget of €8.51 billion for the 2021-2030 period
- Allows direct grants for eligible energy-intensive industrial sectors