By Edith Hancock
The European Commission is asking for feedback on plans to adjust how it applies the bloc's state aid laws to help member countries invest more in clean energy.
The European Union's state aid regulator wants to adapt subsidy rules to support the Clean Industrial Deal, a package of measures the EU introduced in a bid to reach ambitious decarbonization targets while simultaneously helping to support European industry and keep investments in the bloc. Part of that plan involves enabling member states to create simplified public tenders for renewable energy projects and letting them grant aid for nascent technologies such as renewable hydrogen without a tender.
Another aspect involves de-risking private investments in renewables, decarbonization projects and clean technologies through public guarantees.
The Commission set an April. 25th deadline to receive feedback on its plans ahead of adopting the updated state aid framework in June. Any interested parties can submit their comments via a form on the Commission's website.
"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," Teresa Ribera, the commission's top competition enforcer, said on Tuesday.
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
March 11, 2025 08:42 ET (12:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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