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Spain: Budget increase of compensation scheme for the indirect costs of CO2 emissions of energy-intensive companies until 2030

Description

On 20 November 2023, the European Commission approved a EUR 5.6 billion (USD 6.12 billion) budget increase of a Spanish compensation scheme in favour of energy-intensive companies. With that change, t...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Nov 2023

Revocation date

31 Dec 2030

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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