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Europe Daily Bulletin No. 13388

11 April 2024
Contents Publication in full By article 29 / 42
ECONOMY - FINANCE - BUSINESS / Competition
European Commission approves €2.2 billion German measure to reduce CO2 emissions from industrial processes
Brussels, 10/04/2024 (Agence Europe)

On Wednesday 10 April, the European Commission authorised a €2.2 billion German scheme under the Temporary Crisis and Transition Framework to support investment in decarbonising industrial production processes in Germany.

The aid will be used to support investment in the electrification of industrial processes and in the replacement of fossil fuels with ‘renewable’ hydrogen or fuels derived from it.

The measure is aimed at companies in the German industrial sector that use fossil...

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