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Spain: EUR 2.9 billion in compensation for offsetting the indirect costs of CO2 emissions of energy-intensive companies until 2030

Description

On 16 March 2022, the European Commission approved a EUR 2.9 billion (USD 3.2 billion) Spanish compensation scheme in favour of energy-intensive companies. In particular, the scheme provides financial...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Mar 2022

Revocation date

19 Nov 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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