Monday, 07 June 2021
European Commission is considering changes in state aid laws to allow EU countries to subsidise up to 100% of renewable energy projects, the European Commission said today (7-June-2021), as the bloc seeks to meet ambitious green targets.
The proposed changes are part of the European Commission's revision of its climate, energy and environmental state aid guidelines (EEAG) which are expected to be adopted by the end of the year. Further, the European Commission has launched today a targeted public consultation inviting all interested parties to comment on the proposed revision.
The Energy and Environmental State aid guidelines enable Member States to support projects for environmental protection (including climate protection and green energy generation), as well as measures to ensure energy generation adequacy, subject to certain conditions. The Commission is proposing a number of changes to the current rules, namely:
The draft Guidelines and all other information about the public consultation, including more details about the proposed changes, are available online.
European Commission's Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Europe will need a considerable amount of sustainable investments. Although a significant share will come from the private sector, public support will play a role in ensuring that the green transition happens fast. So we want to make sure that our rules on State aid for climate, energy and environment are ready and fit for the green transition. The revised rules will enable Member States to fulfil the EU's ambitious environmental objectives of the European Green Deal while keeping possible competition distortions to a minimum. We now invite all interested parties to share their views.”
Source: European Commission