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Global Trade Alert

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Austria: EUR 2.7 billion state aid scheme to support decarbonisation of industrial production processes

Description

On 19 September 2024, the European Commission approved a EUR 2.7 billion (USD 3 billion) financial grant scheme from Austria. The scheme supports companies active in the industrial sector to decarboni...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Sep 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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