On Friday 16 February, the European Commission announced that it had authorised a €4 billion German scheme to help companies subject to the EU Emissions Trading System, such as those in the chemistry, metal, glass and paper sectors, to decarbonise their production processes. The scheme will be partly funded by the Recovery and Resilience Facility, which is the main instrument of the NextGenerationEU European recovery plan.
Among the projects supported under this scheme, the European...