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Europe Daily Bulletin No. 13255

22 September 2023
Contents Publication in full By article 23 / 35
ECONOMY - FINANCE - BUSINESS / State aid
European Commission approves €233 million in aid for energy-intensive companies likely to relocate
Brussels, 21/09/2023 (Agence Europe)

On Thursday 21 September, the European Commission announced that it had authorised a €233 million Austrian scheme designed to partially offset the rise in electricity prices that energy-intensive companies will face in 2022 as a result of the impact of carbon prices on electricity costs (‘indirect emissions costs’) under the EU Emissions Trading System (‘EU ETS').

These companies are particularly exposed to international competition and could relocate to countries where carbon...

Contents

SECTORAL POLICIES
Russian invasion of Ukraine
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
COURT OF JUSTICE OF THE EU
NEWS BRIEFS