BRUSSELS — New European Union state aid rules would allow governments to speed up aid to renewable energy, help pay the costs of industrial decarbonization and stoke demand for clean-tech products.
The European Commission is seeking feedback by April 25 on its proposed state aid framework to support the Clean Industrial Deal, aiming to finalize the subsidy rules in June.
The rules also open up more support for industries to invest in hydrogen to decarbonize, which could help steelmakers and other energy-intensive industries who are complaining about heavy demands in meeting new climate rules and paying higher energy bills.
“Today’s proposal aims to ensure that Member States can provide support — where needed — to accompany the ambitions of the Clean Industrial Deal without causing undue distortions of competition in the Single Market,” Commission Executive Vice President Teresa Ribera said in a press release.
