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Europe Daily Bulletin No. 12609

26 November 2020
Contents Publication in full By article 30 / 35
ECONOMY - FINANCE - BUSINESS / State aid
European Commission approves competitive tender mechanism to compensate for early closure of hard coal-fired power plants in Germany
Brussels, 25/11/2020 (Agence Europe)

On Wednesday 25 November, the European Commission validated a competitive tendering mechanism introduced by Germany to compensate coal-fired power stations that close down faster than planned. This support supports the EU’s climate objectives and is in line with State Aid rules.

Margrethe Vestager, Executive Vice-President of the Commission responsible for Competition Policy, stressed that the phasing out of hard coal-fired power plants contributes in a crucial way to the transformation to...

Contents

EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION
INSTITUTIONAL
ECONOMY - FINANCE - BUSINESS
COUNCIL OF EUROPE
NEWS BRIEFS