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Global Trade Alert

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Germany: EUR 4 billion Climate Protection Contracts scheme for transformation of energy-intensive industry

Description

On 16 February 2024, the European Commission approved a EUR 4 billion (USD 4.3 billion) financial grant scheme from Germany. The scheme supports German companies subject to the EU Emission Trading Sys...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Feb 2024

Revocation date

31 Dec 2024

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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