The Development -
“Europe will need a considerable amount of sustainable investments to support its green transition. Although a significant share will come from the private sector, public support will play a role in ensuring that the green transition happens fast. The new Guidelines endorsed today will increase everything we do to decarbonise our society. Among others, they will facilitate investments by Member States, including in renewables, to accelerate the achievement of our Green Deal, in a costeffective way. This is a major step to ensuring that our State aid rules play their full role in supporting the European Green Deal.” (EVP Margrethe Vestager, 21 December 2021)
..On 21 December 2021, the European Commission (EC) published a Communication on the “Guidelines on State aid for climate, environmental protection and energy 2022” (CEEAG) that will replace the 2014 “Guidelines on State aid for Energy and Environmental Protection” (EEAG). “Climate” was added to the title of EEAG to underscore the increased focus on climate protection.
..The CEEAG reflects the new climate, environmental, and energy priorities of the Green Deal and the “Fit for 55” policy package to make EU’s economy sustainable.
..The CEEAG sets out the conditions for EC approval of State aid granted by EU Member States.
Please see full Publication below for more information.