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Global Trade Alert

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Germany: EUR 5.3 billion budget increase of financial grant scheme partially compensating energy-intensive companies until 2030

Description

On 2 July 2024, the European Commission approved a budget increase of a state aid scheme from Germany, initially approved in August 2022 (see related state act). The scheme provides financial grants t...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Jul 2024

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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