Provides State aid to support the decarbonization of industrial production processes
30 Aug 2024
On 10 April 2024, the European Commission has approved a €2.2 billion State aid scheme from Germany to support the decarbonization of industrial production processes, in line with the Green Deal Industrial Plan. The scheme provides direct grants to industrial companies in Germany for projects aimed at (i) electrifying the production processes or (ii) replacing fossil fuels with renewable hydrogen or hydrogen-derived fuels, achieving at least a 40 per cent reduction in greenhouse gas emissions. Aid is capped at €200 million per beneficiary and will be granted by 31 December 2025, with strict conditions to ensure emissions savings and limit competition distortions. This measure aligns with the REPowerEU Plan and European Union climate objectives to accelerate the green transition and reduce fossil fuel dependency. More on the scheme can be found at the https://www.klimaschutz-industrie.de/foerderung/bundesfoerderung-industrie-und-klimaschutz-modul-1/
-
Type:
-
Promotion and facilitation (Investment incentives)
-
Industry:
-
Not industry specific (SDG)
-
Services (Electricity, gas, steam and air conditioning supply)
-
Sources:
