On Tuesday 7 February, the European Commission authorised a Greek scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emissions Trading System (ETS).
The measure aims to reduce the risk of ‘carbon leakage’ and will benefit companies in sectors at risk of carbon leakage listed in Annex I of the Guidelines on State aid in the context of the greenhouse gas Emissions Trading System after 2021.
The...